House Republicans Introduce Reciprocal Trade Act
Freshman Rep. Riley Moore, R-W.Va., introduced a bill called the U.S. Reciprocal Trade Act with eight other House Republicans, a proposal first introduced by former Rep. Sean Duffy, R-Wis., in 2019 (see 1901160012) along with a Senate companion bill by Sen. Lindsey Graham, R-S.C., and former Sen. Joe Manchin of West Virginia (see 1908090034).
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Moore said his bill authorizes the president to negotiate with other countries to convince them to lower tariffs on American exports, and “when necessary,” impose tariffs on those countries' exports to the U.S. equivalent to the tariffs those countries impose.
“American manufacturing has endured decades of decline under the globalist system that has hollowed out our industrial base and shipped countless jobs overseas. Leaders in both political parties deserve blame. But those days are over,” he continued.
“President Trump was the first national politician in my lifetime to recognize this problem, campaign on it, and work to reverse that trend. With the U.S. Reciprocal Trade Act, we’ll give the Executive the leverage necessary to go to bat for the American people and achieve tariff reductions on U.S. goods," he said in a press release last week.
Reps. Marjorie Taylor Greene, R-Ga., Addison McDowell, R-N.C., Mike Collins, R-Ga., Nick Begich, R-Alaska, Abe Hamadeh, R-Ariz., Barry Loudermilk, R-Ga., Brian Jack, R-Ga., and Michael Rulli, R-Ohio, are the co-sponsors.