Truth in Tariffs Act

This bill would require most sellers to show how much of a product’s price comes from government import taxes (tariffs). At checkout or on the price tag, the tariff part must be clearly labeled as a “tariff surcharge.” Small businesses are not covered by this rule. The Federal Trade Commission (FTC) can write rules and enforce them, treating violations like unfair or deceptive practices. The rule would start 30 days after the law takes effect.

Key points:

• Who is affected: Most sellers; small businesses are exempt.
• What changes: Sellers must clearly display the portion of the price due to tariffs, labeled as a “tariff surcharge.”
• Who enforces: The FTC can issue regulations and enforce penalties for violations.
• When: Applies to sales starting 30 days after the law is enacted.