Congressional Moves to Rein in Presidential Tariff Powers
Recent developments in the U.S. Congress indicate a significant push to curb the president's authority over tariffs. Republican Representative Don Bacon has introduced a bill that would require congressional approval for any new tariffs imposed by the president, a move aimed at preventing unilateral tariff decisions by former President Donald Trump should he return to office.
The proposed legislation, which has garnered support from both sides of the aisle, reflects growing concerns over the economic impacts of tariffs and the need for a more balanced approach to trade policy. Axios reports that House Republicans are actively planning this bill, highlighting the urgency felt by lawmakers to address this issue before the next presidential term.
Further, Reuters notes that a similar initiative is being pushed in the Senate by Republican Senator Rob Portman, emphasizing the bipartisan nature of the effort. NBC News adds that this legislative move is part of a broader strategy by Republicans to use Congress's power to rein in potential future tariffs by Trump, indicating a strategic shift in how trade policies might be managed moving forward.
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What is Trump?
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Donald Trump. Official portrait, 2025. 45th & 47th President of the United States.
What is the new Canada tariff?
These countermeasures include: Imposing tariffs of 25 per cent on a valued $30 billion in goods imported from the U.S., effective March 4, 2025. Launching a public comment period on potential counter tariffs on additional imports from the U.S.
How long have tariffs been around?
Tariffs and excise taxes were authorized by the United States Constitution and recommended by the first United States Secretary of the Treasury, Alexander Hamilton in 1789 to tax foreign imports and set up low excise taxes on whiskey and a few other products to provide the Federal Government with enough money to pay ...
What is Congress?
Congress enacts laws that influence the daily lives of all Americans and is intended to serve as the voice of the people. Its responsibilities include funding government functions and programs, holding hearings to inform the legislative process, and oversight of the executive branch.
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