Bill 119 s 348, also known as the "Limiting Presidential Authority on Import Duties Act," aims to restrict the power of the President to impose new or additional duties on imported goods from countries that are considered allies or free trade agreement partners of the United States.
The bill seeks to prevent the President from unilaterally imposing tariffs or duties on goods imported from these countries without the approval of Congress. This is in response to recent actions taken by the current administration to impose tariffs on goods from countries such as Canada, Mexico, and the European Union, which have strained diplomatic relations and sparked concerns about a potential trade war.
If passed, the bill would require the President to seek approval from Congress before imposing any new tariffs or duties on goods from these ally countries. This would ensure that any decisions regarding trade policy are made in a transparent and collaborative manner, with input from both the executive and legislative branches of government.
Overall, the goal of Bill 119 s 348 is to promote stability and cooperation in international trade relations, while also protecting American consumers and businesses from the negative impacts of unpredictable and unilateral tariff actions.