Relating to a national emergency by the President on February 1, 2025.

H.J.Res. 72 is a binding joint resolution that would terminate a national emergency declared by the President on February 1, 2025. That emergency declaration was used to justify imposing a 25% tariff on most Canadian products, with the administration citing Canada's alleged failure to sufficiently address the flow of illegal drugs across the northern border as the basis for the emergency.

If enacted, this resolution would end the national emergency and remove the tariffs that resulted from it. The bill passed the House and is currently in the Senate Committee on Finance. Under the National Emergencies Act, Congress has the power to terminate a presidential emergency declaration through this type of joint resolution.

For everyday citizens, this bill would directly affect prices on Canadian goods imported into the United States. If the resolution passes the Senate and becomes law, the 25% tariffs on Canadian products would be eliminated, potentially lowering costs for consumers on items like automobiles, agricultural products, and other goods imported from Canada. Conversely, if the resolution fails, the tariffs would remain in place, continuing to increase prices on these imported goods.