EU Immediately Retaliates Against U.S. Metal Tariffs

Updates: Policy/News/Markets, March 12, 2025

— The House passed a funding bill to avert an end-of-the-week government shutdown, clearing the resolution (CR) in a largely party-line 217-213 vote, with just one Democrat — Rep. Jared Golden (D-Maine) — bucking his party’s leaders to back the measure. Rep. Thomas Massie (R-Ky.) was the lone GOP “no” vote. While the bill keeps spending around current levels, it increases defense outlays by around $6 billion, while lowering nondefense spending by $13 billion compared with 2024 fiscal year levels.