Bill Giving Trump New Powers on Tariffs to Be Introduced Thursday
President Donald Trump needs "the tools to make sure we're not robbed any more," said Rep. Sean Duffy, R-Wis., so he told host Lou Dobbs on the Fox Business Network that he'll introduce The Reciprocal Trade Act on Jan. 17.…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Duffy said the way international trade works now is "absolutely unfair," and the president needs more leeway to raise U.S. tariffs to foreign levels. He gave the example of the 10 percent tariff in Europe on imported cars and a 68 percent tariff there on butter. He said the U.S. has a 3.8 percent tariff on butter. Senate Finance Committee Chairman Chuck Grassley, R-Iowa, has already said that such a bill is dead on arrival in his chamber (see 1901090041). "We ain't going to give him any greater authority," he said a week ago. "We've already delegated too much." Duffy complained to Dobbs that the U.S. Chamber of Commerce is trying "to sandbag this movement."