Mar 07, 2019

ICYMI: Congress Should Reassert its Authority on Tariffs

Post by Freedom Partners

Freedom Partners Executive Vice President Nathan Nascimento I RealClearPolicy

 

A handful of lawmakers have introduced measures that would give Congress a greater voice on tariffs, which are essentially a tax on the American people. Collectively, these bills represent what good tariff policy looks like — the president and the people’s representatives holding each other accountable and both having a say on an issue that affects nearly every American.

The bipartisan Bicameral Congressional Trade Authority Act (S.287), introduced by Sens. Pat Toomey (R-Pa.) and Mark Warner (D-Va.), would require Congress to approve within 60 days executive branch actions that raise barriers to trade such as tariffs and import and export quotas.

Rep. Warren Davidson (R-Ohio) introduced the Global Trade Accountability Act (H.R. 723) which, similarly, would increase Congress’ role over tariffs. This bill, however, would apply to all authority over trade barriers, not just for national security, and feature a similar vote to approve any new tariffs.

Granting the president greater trade authority to negotiate such agreements has helped increase opportunity for millions of Americans. However, this delegation has also enabled the administration to implement tariffs on dubious grounds that create barriers on the American people.

The Bicameral Congressional Trade Authority Act and the Global Trade Accountability Act would give Congress greater oversight over U.S. trade barriers and require formal approval of any tariffs that increase costs and undermine our economy. They will help ensure that tariff policy – which has profound implications for the American people – is formulated with greater accountability.

Nathan Nascimento is executive vice president of Freedom Partners Chamber of Commerce.

 

Click HERE to read the full op-ed.