STABLE Trade Policy Act

This bill, known as the STABLE Trade Policy Act, aims to significantly limit the President's unilateral authority to impose new or additional tariffs on goods imported from certain countries. Specifically, it applies to covered countries , which include members of NATO, major non-NATO allies, and nations with existing free trade agreements with the United States. The restrictions target duties proclaimed under specific statutes, such as Section 232 of the Trade Expansion Act of 1962 and the International Emergency Economic Powers Act. Under this proposed legislation, the President would only be able to proclaim such duties if a two-step process is followed. First, the President must submit a comprehensive request to Congress, detailing the objective, why other mechanisms are insufficient, and the likely impact on U.S. foreign policy, national security, and the domestic economy. Second, Congress must then enact a joint resolution of approval , specifically authorizing the proposed duties, which would be subject to expedited legislative procedures.