Cantwell introduces bipartisan tariff bill

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U.S. Senator Maria Cantwell (D-Washington) introduced a bipartisan bill in Congress that would limit the president’s power to impose tariffs.

On April 9, President Donald Trump announced a three-month pause on the ‘reciprocal’ tariffs to countries around the world, while also increasing tariffs on China from 104 to 125 percent. However, the 10 percent baseline tariff on imports to the U.S. remained.

On April 2, he had announced the reciprocal tariffs, which included a 46 percent tariff on Vietnam and a 26 percent tariff on India.

Cantwell’s bill would require the president to notify Congress with 48 hours of the imposition or increase of a tariff. The notification must also include reasoning for the action and an analysis of its potential impact.

Under the proposed bill, Congress would be able to end tariffs at any time by passing a resolution of disproval. Congress would have 60 days to approve the action or the tariffs expire.

Republican co-sponsors include Senators Mitch McConnell (R-KY), Lisa Murkowski (R-AK) and Chuck Grassley (R-IA).

A bipartisan bill similar to Cantwell’s has also been introduced in the House of Representatives.

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