Move to End Executive Ability to Levy Tariffs Reintroduced
A bill was reintroduced that would require Congressional approval for any White-House initiated tariff change -- effectively curtailing future Section 201, 301 and Section 232 tariffs, as well as a not-yet-used authority to raise tariffs on all goods from a country where we run a trade deficit.
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Sen. Mike Lee, R-Utah, previously introduced the Global Trade Accountability Act in 2017 (see 1702100043), and reintroduced it on May 2. In an announcement on the reintroduction, he said, "Congress has ceded far too much law making power to the Executive branch including the power to unilaterally raise tariffs. Sudden hikes in trade barriers could wreak havoc on many small and midsize manufacturers in my home state of Utah that rely on imports and globally connected supply chains. Congress must be involved in any decision that would increase barriers to trade,"