Trade Review Act of 2025

Key Points

• The bill requires the president to notify Congress within 48 hours of imposing or raising any tariff on imported goods. The notification must include the reasoning behind the tariff and an assessment of how it could affect U.S. businesses and consumers.
• Any new or increased tariff would automatically expire after 60 days unless Congress passes a joint resolution approving it. This shifts the balance of power on trade, giving lawmakers the final say on tariffs that could raise prices for everyday Americans.
• Congress could also pass a joint resolution of disapproval to immediately end a tariff before the 60-day window runs out, providing a faster way to block trade taxes that lawmakers view as harmful.
• The bill does not cover antidumping and countervailing duties, which are trade penalties targeting unfair foreign competition like goods sold below cost. It focuses on the broader tariffs that presidents have historically imposed with little congressional input.
• The bill has bipartisan backing from both Republican and Democratic senators, including Cantwell, Grassley, McConnell, Klobuchar, and others. It uses expedited procedures to ensure quick votes on approval or disapproval resolutions.

Votes

No votes have been recorded for this legislation yet.