Legislation giving Trump more tariff authority on shaky ground
A month before U.S. tariffs on $200 billion worth of Chinese goods are scheduled to jump to 25% on March 1, freight interests outside the Beltway are concerned about legislation aimed at giving President Donald Trump even more tariff-wielding power.
Introduced in late January by U.S.Representative Sean Duffy (R-Wisconsin), the U.S. Reciprocal Trade Act would “give the president more flexibility in responding to foreign tariffs on U.S. products” according to a press release from Duffy’s office. The goal, Duffy stated, is not to raise America’s tariffs, “but rather to encourage the rest of the world to lower theirs.”
Read more at : https://www.freightwaves.com/news/regulation/legislation-giving-trump-more-tariff-power-on-shaky-ground
Article by : John Gallagher