Sponsors (2)
Introduced August 15, 2025 by Jared Golden · Last progress August 15, 2025
The bill raises tariffs and tightens import rules to protect U.S. industry, encourage onshoring, and block abusive-supply practices, but it will raise consumer and business costs, add compliance burdens, and risk retaliatory trade reactions that could offset some domestic gains.
U.S. manufacturers, producers, and related workers face reduced competition from certain imports (especially from China), helping protect domestic production and jobs.
The federal government would collect additional revenue from increased import duties, providing funds that could be used for government programs or to reduce deficits.
Higher tariffs and related rules create incentives for firms and states to onshore or diversify critical supply chains, and the bill includes presidential waiver authority to allow targeted relief for strategic or national-security needs.
Consumers and households would face higher prices on many goods (potentially large increases for China-targeted items), raising the cost of living for middle-class families and taxpayers.
Importers, retailers, and businesses that rely on global inputs will face higher input costs and greater compliance burdens, which could reduce competitiveness, squeeze margins, and translate into job or price impacts throughout supply chains.
The tariff increases risk provoking retaliatory tariffs or trade measures from trading partners (notably China), threatening exports, agricultural and manufacturing jobs, and broader trade relationships.
Based on analysis of 3 sections of legislative text.
Adds a 10% additional duty on all imports, creates China‑only higher tariff rates with 35% and 100% minimums for many goods, phases increases over five years, and mandates CPI‑based adjustments.
Imposes a new additional 10% ad valorem duty on all goods imported into the United States for each calendar year beginning after enactment, creates a separate set of China‑only tariff rates that in many cases are substantially higher than existing rates, and phases in larger increases over five years. The President may reduce the additional percentage for particular U.S. economic sectors for national interest or national security reasons but must consult House and Senate tax committees before doing so. Requires the President to revise the Harmonized Tariff Schedule to add China‑only duty columns, set minimum China‑only ad valorem rates (including a 35% floor for many goods and a 100% floor for specified strategic articles), and apply inflation adjustments to certain specific/compound rates tied to CPI‑U going back to 1930; duties are phased in on a 180‑day to five‑year schedule and include provisions for CBP rulemaking and retroactive collection procedures.