Two senior lawmakers on the Senate Finance Committee introduced legislation on Thursday seeking to rein in U.S. President Donald Trump's ability to impose tariffs and would require congressional approval for new levies within 60 days.
Republican Senator Chuck Grassley and Democrat Maria Cantwell introduced legislation that would require the president to notify Congress on new tariffs with an explanation of the rationale, including an analysis of the potential impact on U.S. businesses and consumers.
Congress would need to pass a joint resolution of approval on the new tariff within 60 days. Otherwise all new tariffs on imports would expire.
"This bill reasserts Congress’ role over trade policy to ensure rules-based trade policies are transparent, consistent, and benefit the American public," Cantwell said. "As representatives of the American people, Congress has a duty to stop actions that will cause them harm."
Republican Senator Chuck Grassley and Democrat Maria Cantwell introduced legislation that would require the president to notify Congress on new tariffs with an explanation of the rationale, including an analysis of the potential impact on U.S. businesses and consumers.
Congress would need to pass a joint resolution of approval on the new tariff within 60 days. Otherwise all new tariffs on imports would expire.
"This bill reasserts Congress’ role over trade policy to ensure rules-based trade policies are transparent, consistent, and benefit the American public," Cantwell said. "As representatives of the American people, Congress has a duty to stop actions that will cause them harm."
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