Sponsors (11)
The bill strengthens U.S. tools to counter foreign trade barriers and adds transparency and congressional review, but it raises the likelihood of higher consumer prices, retaliatory trade disruptions, and a shift of decisive trade power toward the Executive that may be slower for Congress to reverse.
U.S. producers, farmers, and manufacturers gain a stronger tool to respond to unfair foreign trade practices because the President can impose reciprocal or matching duties to protect domestic industries and deter dumping.
Exporters and U.S. businesses may secure better market access and reduced discriminatory foreign duties when the President negotiates tariff or non‑tariff reductions, improving opportunities for affected firms.
The bill increases predictability, transparency, and technical rigor — requiring publication, public comment, interagency calculations (USTR/Treasury/Commerce), and reporting — so duties more closely reflect actual trade barriers and businesses can plan.
Many U.S. households and businesses could face higher prices because imposing reciprocal or matching duties tends to raise import costs that are passed on to consumers.
Tariff retaliation and escalation could provoke trade wars that disrupt supply chains, harm exporters, and threaten jobs in affected industries.
The combination of expanded presidential discretion to impose duties and procedural hurdles that make overturning them harder concentrates trade authority in the Executive and weakens Congress’s ability to quickly check those actions, creating governance and accountability risks.
Based on analysis of 8 sections of legislative text.
Gives the President authority to negotiate or impose reciprocal import duties matching foreign tariffs or assessed nontariff-barrier rates, with congressional consultation and a three-year sunset.
Introduced January 24, 2025 by Riley M. Moore · Last progress January 24, 2025
Gives the President new authority to respond to foreign tariffs and nontariff barriers by negotiating reductions or imposing reciprocal import duties that match or reflect foreign measures. The bill requires advance consultation with congressional tax/finance committees and trade advisory bodies, creates a fast congressional disapproval path for Presidential duties, requires USTR reports for negotiated agreements, and sunsets the President’s duty-imposition authority after three years (with one possible three-year extension).