The "Trade Review Act of 2025" establishes new requirements for the President regarding the imposition or increase of duties on imported articles. Under this act, the President must notify Congress within 48 hours of such an action, providing a detailed explanation of the reasoning and an assessment of the potential impact on United States businesses and consumers . These duties are designed to be temporary, expiring automatically after 60 days unless Congress takes specific action. For a duty to remain in effect beyond 60 days, Congress must enact a joint resolution of approval . Conversely, if Congress passes a joint resolution of disapproval , the duty would immediately cease to have any force or effect. This legislation specifically excludes antidumping and countervailing duties from these new oversight procedures, focusing instead on other types of imposed tariffs.
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The "Trade Review Act of 2025" establishes new requirements for the President regarding the imposition or increase of duties on imported articles. Under this act, the President must notify Congress within 48 hours of such an action, providing a detailed explanation of the reasoning and an assessment of the potential impact on United States businesses and consumers . These duties are designed to be temporary, expiring automatically after 60 days unless Congress takes specific action. For a duty to remain in effect beyond 60 days, Congress must enact a joint resolution of approval . Conversely, if Congress passes a joint resolution of disapproval , the duty would immediately cease to have any force or effect. This legislation specifically excludes antidumping and countervailing duties from these new oversight procedures, focusing instead on other types of imposed tariffs.
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.