House Republicans Push Bill Granting Trump Expanded Tariff Powers
The U.S. Reciprocal Trade Act would allow President Trump to impose tariffs unilaterally, subject to limited Congressional oversight.
- Freshman Rep. Riley Moore (R-WV) introduced the U.S. Reciprocal Trade Act, fulfilling a key Trump campaign promise on trade policy.
- The bill would enable the president to impose tariffs equal to those levied by other countries on U.S. goods, aiming to address trade imbalances.
- Congress would retain some oversight, requiring the president to notify them of new tariffs, with the option for a two-thirds majority to block the action.
- Supporters argue the legislation would bolster American manufacturing and reduce the trade deficit, while critics warn of potential economic harm and administrative challenges.
- Trump has pledged to use tariffs to reduce the national debt and recently proposed a 10% tariff on Chinese imports, citing fentanyl trafficking concerns.