Aug 02, 2018

U.S. Senate Passes Measure to Strengthen Congressional Trade Authority

Post by Freedom Partners

Freedom Partners applauds the U.S. Senate for passing a bill that would cut or eliminate tariffs on roughly 1,660 items made outside the United States. It was passed unanimously and is an appropriate use of Congress’s constitutional authority over trade and an important step to eliminate self-destructive trade barriers, which negatively affect American consumers, workers and businesses.

The House of Representatives passed its own version of this miscellaneous tariff bill, requiring both chambers to now resolve differences before sending it to the White House to be signed. The National Association of Manufacturers (NAM) said American businesses pay $1 million a day on tariff fees, which “makes no sense because it is a direct and punishing tax on making things in America and for creating jobs in America,” said NAM President Jay Timmons.

Just recently, the administration announced plans to increase tariffs on $200 billion worth of imported goods to 25 percent, up from 10 percent. More than ever, legislation is needed to protect American businesses, workers and consumers from harmful tariffs.

The passage of the miscellaneous tariff bill is a positive step in the direction to lower trade barriers and eliminate tariffs, helping to unleash America’s growing economy.

Freedom Partners urges Congress to pass this bill into law to strengthen Congress’s legislative authority on trade policy.