What did the U.S. House vote on tariffs actually do?

It passed a resolution to end the national emergency that supports certain duties on Canadian imports. The U.S. House vote on tariffs does not itself remove duties. The Senate must also approve, and a likely presidential veto would require two‑thirds majorities to override. Until then, most measures continue.

How could this affect USMCA and Canadian exporters?

USMCA trade risk narrows a bit because the House signalled restraint, reducing odds of sweeping escalation. Still, targeted duties can raise costs for metals and autos. Exporters should plan for uncertainty, use currency and commodity hedges, and watch legal and Senate steps that could reshape emergency authority and tariff scope.

Is a Canada-U.S. trade war likely now?

Risk has eased in the near term after the House signal, making a broad Canada-U.S. trade war less likely. However, sector‑specific duties can still disrupt pricing and delivery. Investors should track court developments on February 20 and Senate action, which will guide whether pressure fades or persists into spring.

What should Canadian investors watch next?

Key dates are the Senate’s scheduling of the resolution and the February 20 Supreme Court review. Monitor company guidance on margins, sourcing, and lead times. Watch metals and autos for cost pass‑through and inventory moves. Position with layered USD hedges and prioritize firms with pricing power and low leverage.

Law and Government

U.S. House Rebukes Trump’s Canada Tariffs; Veto Looms, February 12

ByHuzaifa Zahoor February 13, 2026February 13, 2026

On February 12, the U.S. House moved to curb Trump tariffs on Canada by voting to end the emergency that supports them. For Canadian investors, the signal cools near‑term escalation while real risk remains. A Senate roadblock and a likely veto keep most duties in place for now. Steel, autos, and aluminum stay exposed as the U.S. Supreme Court readies a February 20 review of emergency powers. Exposure to Trump tariffs on Canada remains material. We break down next steps, sector impact, and portfolio moves.