Congress·In Committee·H.R. 6991

Fair Trade Act of 2026

Congress Proposes New 10% to 15% Tax on All Foreign Imports to the United States

Jan 8·View on Congress.gov

Next up: A house committeeNo action in 6 months

A house committee must act next: committee consideration.

Legislative Progress

House

Senate

President

Law

Key Points

This bill would add a new tax to almost every product brought into the United States from other countries.
The amount of the tax depends on our trade relationship: goods from countries that sell more to the U.S. than they buy from us would face a 15% tax.
Products from countries where the U.S. sells more than it buys would face a 10% tax.
These new costs would be added on top of any taxes that businesses already pay to bring goods into the country, which would likely lead to higher prices for shoppers on items like electronics, clothing, and car parts.
The President would have the power to lower these taxes if it is in the interest of national security, but only after meeting with leaders in Congress to discuss the change.

Economy FinanceTaxesAgriculture

Impact Analysis

Personal Impact

Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works

Life & Work

Small businesses that rely on imported goods — whether raw materials, components, or finished products for resale — would see their costs jump by 10% to 15% on top of existing tariffs. Many small businesses operate on thin margins and can't easily absorb these added costs, meaning they'd either have to raise prices for customers or take a hit to their bottom line. Businesses that compete with imports might benefit, but the majority of small businesses that depend on global supply chains would face real financial pressure.

-3

ImpactCertaintyScopeDurationSentiment

-3

ImpactCertaintyScopeDurationSentiment

Programs

Activities

State Impacts

StateScoreImpactCertaintyScopeDurationSentiment

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

2 milestones2 actions

Jan 8, 2026House

Referred to the House Committee on Ways and Means.

Jan 8, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Related News

4 articles

New York Times·Jan 8

Trump’s Trade Agenda Takes Shape with New House Tariff Bill

Representative Beth Van Duyne introduced the Fair Trade Act of 2026, a move to codify the Trump administration's aggressive tariff policy. The bill proposes a tiered tax system on all imports based on trade balances, a move critics warn could reignite global trade wars and increase consumer costs.

Center Left

Bloomberg·Jan 8

House Bill Aims to Cement Trump's 'Reciprocal' Tariffs into Law

The Fair Trade Act of 2026 would mandate additional 15% tariffs on imports from countries where the U.S. has a trade deficit and 10% tariffs on those with surpluses. The legislation seeks to provide a permanent statutory basis for the administration's trade maneuvers amid legal challenges.

Center Left

Washington Post·Jan 9

Trump Trade Policy Faces Critical Test as House Considers New Tariff Bill

The newly introduced Fair Trade Act of 2026 represents a major effort by House Republicans to lock in the President's tariff framework. The bill grants the executive branch broad power to adjust rates while establishing high baseline taxes on all foreign goods to protect domestic industries.

Center Left

No votes or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Fair Trade Act of 2026

Bill NumberHR 6991

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Ways and Means.

Data Sources

Congress.gov

Official legislative information

Sponsor

Analysis generated by AI. Always verify with official sources.