Truth in Tariffs Act

This plan would make stores and online sellers show how much of a product’s price comes from tariffs. The extra amount would be labeled as a “tariff surcharge,” so shoppers can see it clearly at the time of purchase . It would start 30 days after it becomes law .

Small businesses would not have to do this. The Federal Trade Commission could set rules and enforce them, treating violations like unfair or deceptive practices .

• Key points

  • Who is affected: Most sellers to consumers; small businesses are exempt .
  • What changes: Prices shown to shoppers must list the part tied to tariffs as a “tariff surcharge” .
  • When it starts: 30 days after it becomes law .
  • Who enforces: The Federal Trade Commission, which can make rules and take action against violators .