Bipartisan Bill on U.S. Tariffs

SOURCE www.foxnews.com
Two senior lawmakers introduce bipartisan bill to reassert Congress' powers over U.S. tariffs, requiring notification and approval within specific timeframes.

Key Points

  • Bill introduced by Sen. Chuck Grassley and Maria Cantwell
  • Aim is to counter President Trump's tariff strategy
  • Focus on sectors like agriculture, manufacturing, and technology

Pros

  • Reasserts Congress' constitutional role in trade policy
  • Requires President to notify Congress about new tariffs within 48 hours
  • Congress must approve new tariffs within 60 days or allow them to expire

Cons

  • May shift certain trade policymaking powers from the executive branch to Congress