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Tariff Transparency Act of 2025
3/29/2025, 2:23 AM
Summary of Bill S 959
Bill 119 s 959, also known as the "Impact of Duties on Imports from Mexico and Canada Act," is a proposed legislation that aims to require the United States International Trade Commission (USITC) to conduct an investigation and submit a report on the effects of duties, as well as the threat of duties, on imports from Mexico and Canada on businesses in the United States.
The bill seeks to analyze the impact of tariffs and duties imposed on goods imported from Mexico and Canada on American businesses. It aims to provide a comprehensive understanding of how these duties affect the competitiveness and operations of businesses in the United States.
The investigation conducted by the USITC will focus on the economic implications of these duties, including their impact on prices, supply chains, and overall business operations. The report submitted by the USITC will provide valuable insights and data to policymakers, businesses, and other stakeholders to make informed decisions regarding trade policies with Mexico and Canada. Overall, Bill 119 s 959 aims to shed light on the impact of duties on imports from Mexico and Canada on American businesses and provide valuable information to guide future trade policies.
The bill seeks to analyze the impact of tariffs and duties imposed on goods imported from Mexico and Canada on American businesses. It aims to provide a comprehensive understanding of how these duties affect the competitiveness and operations of businesses in the United States.
The investigation conducted by the USITC will focus on the economic implications of these duties, including their impact on prices, supply chains, and overall business operations. The report submitted by the USITC will provide valuable insights and data to policymakers, businesses, and other stakeholders to make informed decisions regarding trade policies with Mexico and Canada. Overall, Bill 119 s 959 aims to shed light on the impact of duties on imports from Mexico and Canada on American businesses and provide valuable information to guide future trade policies.
Congressional Summary of S 959
Tariff Transparency Act of 2025
This bill requires the U.S. International Trade Commission to investigate and report to Congress on the impact of additional tariffs on imports from Canada and Mexico. (President Donald J. Trump issued executive orders on February 1, 2025, to impose an additional 25% tariff on most imports from Canada and Mexico. These tariffs applied to all imports, except for Canadian energy or energy resources, which have an additional 10% tariff.)
Specifically, the report must assess (1) the impact of these tariffs on consumer prices; (2) the impact of any retaliation (e.g., retaliatory tariffs and export restrictions) imposed by Canada and Mexico on U.S. consumers, small businesses, farmers, and ranchers; and (3) the impact of the threat of tariffs and associated uncertainty with respect to the trade relationship between the United States, Canada, and Mexico on U.S. businesses.
Read the Full Bill
Current Status of Bill S 959
Bill S 959 is currently in the status of Bill Introduced since March 11, 2025. Bill S 959 was introduced during Congress 119 and was introduced to the Senate on March 11, 2025. Bill S 959's most recent activity was Read twice and referred to the Committee on Finance. as of March 11, 2025
Bipartisan Support of Bill S 959
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
33Democrat Cosponsors
33Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 959
Primary Policy Focus
Alternate Title(s) of Bill S 959
A bill to require the United States International Trade Commission to conduct an investigation and submit a report on the impact on businesses in the United States of duties, and the threat of duties, on imports from Mexico and Canada, and for other purposes.
A bill to require the United States International Trade Commission to conduct an investigation and submit a report on the impact on businesses in the United States of duties, and the threat of duties, on imports from Mexico and Canada, and for other purposes.
Comments
Sponsors and Cosponsors of S 959
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