February 11, 2026: US House Votes to Repeal Canada Tariffs, Passes SAVE Act, More - podcast episode cover

February 11, 2026: US House Votes to Repeal Canada Tariffs, Passes SAVE Act, More

Feb 12, 20266 min
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Speaker 1

News when you wanted with Bloomberg News. Now I'm Doug Prisoner in Washington, The Republican led US House has passed legislation aimed at ending President Trump's tariffs on Canada. Now this signals a growing anxiety over the White House's economic agenda ahead of midterm elections focused heavily on affordability. Passage by the House is not veto proof, meaning the vote was largely symbolic and a way to get lawmakers on the record for their support of these tariffs on Canadian goods.

Here is Bloomberg's Derek Wallbank.

Speaker 2

These votes sort of represent an increase in political pressure on the president to change course just months before the midterm elections. They also, though, represent a big difficulty for some swing district Republicans whose districts may be heavily affected by tariffs, but who have to face a very real question about whether or not they want to cross the President on his signature issue That.

Speaker 1

Was Bloomberg's Derek Wallbank. Now. Passage of this measure comes President Trump privately wighs quitting the US Mexico Canada Trade Pact he signed during his first term. Also today, the House passed the Save America Act. This was backed by President Trump. The bill would change voting regulations by requiring proof of citizenship during voter registration. It also significantly curtails mail in voting. Here is House Speaker Mike Johnson, proof.

Speaker 3

Of citizenship and photo ID to vote. Everyone in the country understands the necessity of that, understands how simple it is and how important it is. And the only people that oppose it are people who want to cheat our system.

Speaker 1

That is House Speaker Mike Johnson. US Energy Secretary Chris Wright is in Venezuela, where he'll make an assessment of the country's oil industry. Wright met with Venezuelan's acting President, Delsi Rodriguez, and he's expected to meet with several government officials. Wright said the US government is working to issue new licenses to businesses who want to work in Venezuela.

Speaker 4

We know that working together the people of Venezuela and the people of the United States, this year, we can drive a dramatic increase in Venezuelan oil production in Venezuelan, natural gas production in Venezuelan electricity production, and most importantly of all, all of these are to increase the job opportunities, the wages, and the quality of life for all of the Venezuelans across the country.

Speaker 1

That is US Energy Secretary Chris Wright. President Trump is ordering the Pentagon to purchase electricity from coal fired power plants for military operations. Trump announced millions of dollars to upgrade existing facilities. This includes one hundred and seventy five million dollars to fund upgrades to six coal plants.

Speaker 5

Under our leadership, we're becoming a massive energy exporter. In just the past few months, we've made historic trade deals with Japan, Korea, India and others to increase our coal exports dramatic. We're now exporting call to all over the world, and the quality of our coal is supposed to be I mean, I'm not an expert in coal, but I've been very good to the people that are. The equality of our coal is supposed to be the finest anywhere in the world.

Speaker 1

Trump also said the actions would help boost coal power generation, and the President said this would deliver in turn, lower prices for consumers and insure industries critical to national security had steady power supplies. Attorney General Pam Bondi was in the hot seat today before the House Judiciary Committee, and she was reprimanded by Democrats for using the DOJ to

target enemies of President Trump. Bondi was also criticized for her handling of the Epstein files, including the many reactions made. Here's an exchange between Bondi and New York Congressman Jerry Netler.

Speaker 5

How many perpetrators are you even investigating?

Speaker 1

First you showed it, I find how many have you? Ex Excuse me, I'm going to answer the question, answer my question. No, I'm going to answer the question the way I want to answer the question.

Speaker 5

The question.

Speaker 3

I'm not going to get in the gutter with these people. I'm going to answer the question, how.

Speaker 1

Many of you now? Bondi also faced questions on President Trump's immigration crackdown, as well as the DOJ's attempt to gather voter data from various states. President Trump and Israeli Prime Minister Benjamin Netnia, who met today in Washington. Trump said he spoke about his intention to press ahead on talks with Iran. Trump also said his preference was to reach a deal with the Islamic Republic, despite reservations from the Israeli leader. Netanyahuo is pushing for limits on Iran's

ballistic missile program and its support for militant groups. Here is Bloomberg's Catherine Lucy.

Speaker 6

It's clear from the President that he is saying he said, he's saying that this was a good meeting, but that he wants to continue talks to see if he can reach some kind of deal with Iran. And and I think we know from talking to folks around the Prime Minister and from our reporting there, that there is concern on that side about what such a deal could look like. And that's I think certainly part of the reason he

was here. There's concern about what kind of deal President Trump might agree to, what the scope of that would be, But clearly nothing decided today.

Speaker 1

That is Bloomberg's Catherine Lucy. Meantime, the Pentagon has reportedly told a second aircraft carrier strike group to prepare to deploy to the Middle East as the US readies for a potential attack on Iran. The Wall Street Journal reports President Trump was weighing a second carrier strike if negotiations were to fail. Now. The deployment of a second carrier would mark the first time there have been two carriers

in the region in nearly a year. The star of the popular nineties teen drama series Dawson Creek has died the family of James Vanderbeek announced his death on Instagram. In twenty twenty four, Vanderbeek revealed he was being treated for colorectal cancer. James vander Berk Week was forty eight. And that is news when you want it with Bloomberg News. Now, I'm Doug Krisner and this is Bloomberg

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