|You might favor this bill if:
► You believe the President should get Congressional approval before imposing tariffs in the name of national security. If the President believes trade policies are affecting national security, Congressional approval should be required before any tariffs are applied.
|You might oppose this bill if:
► You believe the President should not need Congressional approval when imposing tariffs in the name of national security. The President should keep his ability to negotiate better deals on behalf of Americans without Congressional scrutiny.
S.3013 would require the president to submit to a report to Congress detailing any proposal to adjust imports. After such report has been submitted, the proposal enters a 60-day period where Congress can debate and vote. Any such proposal has the opportunity to be expedited.
President Trump has introduced a number of tariffs via whats referred to as "Section 232 of the Trade Expansion Act of 1962," which gives the executive branch the ability to conduct investigations to “determine the effects on the national security of imports.” After such investigations the President can decide to use his authority to adjust any import tariffs.
In January 2018, he introduced tariffs on solar panels, and in June he imposed a 25% tariff on steel and a 10% tariff on aluminum to the E.U., Canada, and Mexico. These tariffs caused other countries to implement retaliatory tariffs on some U.S. goods. On July, Canada and China both imposed matching retaliatory tariffs to the U.S., on June 5th, Mexico targeted more than $3 billion on tariffs in american steel, pork, cheese, and other products, marking the beginnings of what could eventually become a trade war. According to the New York Times, this trade war has escalated from affecting 18 products to over 10,000.
Retaliatory tariffs are causing American companies, such as Harley-Davidson, to move production elsewhere. Boeing is expected to lose out on a $18 billion deal it has been negotiating with China.
According to the Wall Street Journal, a 1936 study shows that these import tariffs ultimately act as a export tax, meaning Americans could end up paying the tab.
Some argue that the market indicates that the trade war will ultimately yield positive results.
President Trump, in an attempt to calm down farmers being hurt by the trade war, blames previous yields as poor and says he is waging this war to even the playing field.
Sponsored by: Sen. Corker, Bob [R-TN].
Cosponsored by: 8 Rep / 6 Dem / 1 Ind.