Tariffs

Dear Editor, Foxnews.com recently reported that Republican Senator Chuck Grassley and Democrat Senator Maria Cantwell have introduced the Trade Review Act of 2025. This bill will require the President to notify Congress of any new tariffs within 48 hours of imposition. It also requires the President to provide an explanation of the rationale along with an analysis of the tariffs' potential impacts on the U.S. economy. Congress would have to approve the new tariffs within 60 days or allow them to expire. Politico reported that at least three other Republican senators have signed on as cosponsors of the bill. Senators Lankford and Mullin have yet to say whether they support the new bipartisan bill.