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House Republicans are unveiling a new bill to clear the way for the president Donald Trump to bring its comprehensive tariff plans.
First-term Rep. Riley Moore, RW.Va., is reintroducing the U.S. Reciprocal Trade Act on Friday, which, if passed, would allow Trump to unilaterally take steps to impose tariffs on imports from both adversaries and allies.
However, he would be required to notify Congress, which could submit a joint resolution of disapproval of the moves.
“American manufacturing suffered decades of decline under a globalist system that hollowed out our industrial base and shipped countless jobs overseas. Leaders of both political parties deserve the blame. But those days are over,” Moore said in a statement.
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President Donald Trump, left, and Chinese President Xi Jinping. (Getty)
Moore said Trump was “the first national politician in my lifetime to recognize this problem, campaign on it and work to reverse that trend.”
“With the US Reciprocal Trade Act, we will give the executive branch the leverage it needs to act on behalf of the American people and achieve reductions in tariffs on American goods,” he said.
In 2023, Trump released a campaign video in which he promised to work with Congress to pass the Reciprocal Trade Act, declaring: “Under the Trump Reciprocal Trade Act, other countries will have two choices – get rid of their tariffs on us or will pay us hundreds of billions of dollars and the United States will make an absolute FORCE.”
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Rep. Riley Moore is spearheading a bill authorizing President Donald Trump to implement his tariff plans. (Office of Representative Riley Moore)
This week, the president announced that he wants to impose a 10% tariff on Chinese imports, fulfilling a campaign promise to use such taxes to reduce the US national debt, which currently stands at more than $36 trillion.
“We’re talking about a 10 percent tariff on China, based on the fact that they’re sending fentanyl to Mexico and Canada,” Trump said Tuesday. “Probably February 1 is the date we’re looking at.”
During his campaign, Trump promised to impose a 60% tariff on goods from China and as much as 20% on other countries with which the US trades.
He also recently promised on Truth Social to create “Foreign tax service” for “the collection of our tariffs, duties, and all revenue coming from foreign sources.”
Trump has repeatedly praised the U.S. Trade Act, including during a January 2019 meeting with House Republicans, including the bill’s former leader, former Rep. Sean Duffy, R-Wis. Trump recently nominated Duffy to be Secretary of Transportation.
“The United States Reciprocal Trade Act — this legislation will finally help give our workers a fair and level playing field with other countries. Countries take advantage of us, whether they think we’re very good or not so smart. We do it a lot, a lot years and we want to end it,” Trump said at the time.
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However, not everyone agrees that tariffs are an effective way to boost the US economy, and some economists warn that it would only increase costs for consumers.
“Not only would widespread tariffs raise costs at home and likely send our economy into recession, they would likely lead to significant retaliation, hurting American workers, farmers and businesses,” said Rep. Suzan DelBene, D-Wash. detection of the blocking measure Trump from using unilateral customs powers by declaring a trade emergency.
