Republican Senate leaders on Monday downplayed the notion that a bipartisan bill to claw back Congress’s authority over tariffs from President Donald Trump would receive serious consideration.
GOP leaders’ dismissal of a proposal from Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) to require congressional tariff approval came after a third straight day of plunging stock markets in response to Trump’s across-the-board import taxes of at least 10%, with fresh threats to increase them for key trading partners like China.
“I don’t think that has a future,” Senate Majority Leader John Thune (R-SD) told reporters of the bipartisan legislation. “The president has indicated he will veto it. I don’t see how they get it to the floor on the House, so I think, at this point,
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