• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Politics

House Republicans clear path for Trump to act on tariff plans

by January 24, 2025
January 24, 2025

House Republicans are unveiling a new bill to clear a path for President Donald Trump to enact his sweeping tariff plans.

First-term Rep. Riley Moore, R-W.Va., is reintroducing the U.S. Reciprocal Trade Act on Friday, which, if passed, would allow Trump to unilaterally make moves on import taxes from both adversaries and allies.

He would be required to notify Congress, however, which could file a joint resolution of disapproval against the moves.

‘American manufacturing has endured decades of decline under the globalist system that has hollowed out our industrial base and shipped countless jobs overseas. Leaders in both political parties deserve blame. But those days are over,’ Moore said in a statement.

Moore said Trump was ‘the first national politician in my lifetime to recognize this problem, campaign on it, and work to reverse that trend.’

‘With the U.S. Reciprocal Trade Act, we’ll give the executive the leverage necessary to go to bat for the American people and achieve tariff reductions on U.S. goods,’ he said.

Trump released a campaign video in 2023 pledging to work with Congress to pass the Reciprocal Trade Act, declaring, ‘Under the Trump Reciprocal Trade Act, other countries will have two choices—they’ll get rid of their tariffs on us, or they will pay us hundreds of billions of dollars, and the United States will make an absolute FORTUNE.’

This week, the president announced that he wanted to impose a 10% tariff on Chinese imports, making good on a campaign promise to use such taxes to lower the U.S. national debt, which is currently over $36 trillion.

‘We’re talking about a tariff of 10% on China, based on the fact that they’re sending fentanyl to Mexico and Canada,’ Trump said Tuesday. ‘Probably February 1st is the date we’re looking at.’ 

During his campaign, Trump promised to levy a 60% tariff on goods from China and as much as 20% on other countries the U.S. trades with.

He also recently pledged on Truth Social to create an ‘External Revenue Service‘ to ‘collect our Tariffs, Duties, and all Revenue that come from Foreign sources.’

Trump has praised the U.S. Reciprocal Trade Act by name multiple times, including during a January 2019 meeting with House Republicans, including the bill’s former lead, ex-Rep. Sean Duffy, R-Wis. Trump recently nominated Duffy to be secretary of Transportation.

‘The United States Reciprocal Trade Act — this legislation will help, finally, to give our workers a fair and level playing field against other countries. Countries are taking advantage of us, whether they think we’re very nice or not so smart.  They’ve been doing it for many, many years, and we want to end it,’ Trump said at the time.

However, not everyone is in agreement that tariffs are an effective way to bolster the U.S. economy, with some economists warning it would only raise costs for consumers.

‘Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses,’ Rep. Suzan DelBene, D-Wash., said while unveiling a measure to block Trump from using unilateral tariff powers by declaring a trade emergency.

This post appeared first on FOX NEWS
previous post
Oklahoma Sen. Mullin confident Hegseth will be confirmed, predicts who Democrats will try to sink next
next post
Not Everything You Dislike Is a “Negative Externality”

Related Posts

Iran attacks US base in Qatar, Trump thanks...

June 24, 2025

Trump hails ‘monumental’ damage as experts await verdict...

June 24, 2025

Trump admin secures pledge from 75% of health...

June 24, 2025

Ex-Clinton official applauds Trump’s ‘courageous’ Iran call, doubts...

June 24, 2025

Hakeem Jeffries demands Trump ‘justify’ striking Iran, but...

June 24, 2025

Israeli President Herzog: Israel ‘not dragging’ US into...

June 23, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • Walmart to pay $10 million to settle lawsuit over money transfer fraud

      June 24, 2025
    • Apple sued by shareholders who allege it overstated AI progress

      June 24, 2025
    • Lagging Mid-cap ETF Hits Moment of Truth

      June 24, 2025
    • The Best Five Sectors, #24

      June 24, 2025
    • This Week’s Earnings Watch: Turnarounds and Momentum Plays

      June 24, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    Appeals court blocks Trump from firing federal board...

    April 7, 2025

    FBI Deputy Director Dan Bongino: James Comey ‘brought...

    May 18, 2025

    Trump admin’s Signal leak shows ‘profound’ risk of...

    March 30, 2025