3 sources·Politics

Bipartisan Efforts to Limit Presidential Tariff Powers Amid Economic Concerns

Lawmakers are pushing back against President Trump's tariffs, aiming to reclaim Congressional power in trade decisions amid rising prices and market volatility.

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  1. Congress expresses growing concern on Trump’s tariffs

    Lawmakers from both parties on Capitol Hill are voicing growing concern as President Donald Trump’s tariffs wreak havoc on Wall Street and threaten to raise prices.

    Congress expresses growing concern on Trump’s tariffs

    NewsNationNewsNation·11d
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    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
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  2. Trump Would Veto Tariff Oversight Bill Over Risk to National Security: White House

    The White House pushed back on that characterization, describing tariffs as a core tool in Trump’s broader trade policy, which it says is focused on opening new markets, strengthening domestic industry, and ensuring supply chain security.

    Trump Would Veto Tariff Oversight Bill Over Risk to National Security: White House

    Epoch TimesEpoch Times·11d
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  3. Thune: Bill to curb Trump’s tariff power doesn’t have a future

    Thune dismissed the possibility of bringing the legislation sponsored by Sen. Chuck Grassley (R-Iowa) and Sen. Maria Cantwell (D-Wash.), which would require Congress to approve new tariffs within 60 days, to the Senate floor for a vote.

    Thune: Bill to curb Trump’s tariff power doesn’t have a future

    The HillThe Hill·11d
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  1. NewsNation
  2. Epoch Times
  3. The Hill
Updated: Apr 7th, 2025, 10:11 PM ET

Summary

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Lawmakers from both parties express concern over President Trump's auto import tariffs, prompting bipartisan legislation to reclaim Congressional authority over tariffs. Although the bill is backed by several senators, including Republicans, Senate Majority Leader John Thune predicts it has no future given Trump's veto threat. The White House argues that such legislation would jeopardize national security and trade negotiations, asserting the tariffs are vital for U.S. interests. The situation reveals a divided Republican stance on Trump's approach, alongside mounting pressure from Democrats for increased oversight on tariff impositions.

Perspectives

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  • There is bipartisan concern among lawmakers about the impact of President Trump's tariffs on the economy and Wall Street.

  • Legislation is being proposed to reclaim Congressional oversight on tariffs, but its future is uncertain due to Trump's opposition.

  • Republican leadership's support for tariff reform is hesitant, reflecting divided opinions within the party on the effectiveness of tariffs.

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Bipartisan Efforts to Limit Presidential Tariff Powers Amid Economic Concerns - Pano News