Introduction
On April 3, lawmakers introduced a new bill aimed at limiting the U.S. President's power to impose tariffs without congressional approval, reflecting concerns over the administration's recent trade policies.Context
Republican Senator Chuck Grassley and Democrat Maria Cantwell have sponsored legislation that mandates the president to notify Congress of any new tariffs and provide a thorough explanation, including an analysis of their potential effects on American businesses and consumers.- Congress must pass a joint resolution of approval for any new tariffs within 60 days.
- If no approval is granted, all newly imposed tariffs will automatically expire.
Developments
The introduction of this bill follows President Trump's announcement of sweeping tariffs on U.S. imports, which have initiated a trade war with potential ramifications for global alliances. The proposed legislation aims to restore congressional authority over trade policy, ensuring that such decisions are transparent, consistent, and in the best interests of the American public.Grassley emphasized the need for Congress to reclaim its regulatory powers concerning interstate and foreign commerce, stating that the executive branch has received too much authority in this area. His home state heavily relies on farm crop exports, whereas Cantwell’s Washington state supports numerous export-heavy companies, such as Boeing.