Trump Vetoes Tariff Bill as Congress Seeks Economic Stability
President Donald Trump has vetoed a bill passed by Congress aimed at curbing his authority to impose tariffs, escalating tensions amid ongoing economic uncertainty. The veto, announced on Monday, comes as a direct response to a legislative effort to rein in the president's tariff powers, which have been a significant point of contention.
The bill, which had garnered bipartisan support, sought to return tariff-setting authority to Congress, reflecting growing unease about the economic impacts of Trump's trade policies. Despite the veto, some Republicans are pushing for a reevaluation of these policies, arguing that the current approach has led to market instability and economic chaos.
Trump's decision to veto the bill underscores his commitment to using tariffs as a tool in trade negotiations, a strategy that has been met with mixed reactions. While some see it as a necessary measure to protect American industries, others criticize it for causing economic disruption and straining international relations.
The ongoing debate over tariffs highlights the broader struggle between executive and legislative powers in shaping U.S. economic policy. As the situation develops, it remains to be seen whether Congress will attempt to override the veto or if alternative measures will be pursued to address the economic challenges facing the nation.
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Does Trump have the authority to impose tariffs?
Legality. Although the US Constitution grants Congress the authority to levy taxes, including tariffs, Congress has passed laws allowing the President to impose tariffs for national security reasons unilaterally.
Are tariffs in the constitution?
The Constitution gives Congress the authority to make decisions regarding foreign commerce, including tariffs. This legislation allows the President to use tariffs to respond to emergencies while permitting Congress to weigh the appropriateness of any tariffs that are imposed.
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 ...
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