Republicans and Democrats in Congress joined to introduce a bill meant to rein in President Donald Trump’s ability to declare new tariffs.
Trump followed through on his promise to punish foreign countries with increased tariffs in order to bring in more federal revenue as well as force production back to the U.S. The stock market has reacted negatively to the sweeping tariffs the president announced from the White House on Wednesday.
‘This bill reasserts Congress’s role over trade policy to ensure rules-based trade policies are transparent, consistent, and benefit the American public.’
The Trade Review Act of 2025 was co-sponsored by Republican Sen. Chuck Grassley of Iowa and Democrat Sen. Maria Cantwell of Washington state and imposed a time limit on tariffs before they needed
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