NRF Blasts as ‘Unconscionable’ Bill to Expand Presidential Tariff Authority
A legislative effort from Rep. Sean Duffy, R-Wis., to expand the president's ability to impose new tariffs (see 1901160012) is a troubling prospect for retailers, according to the National Retail Federation. NRF Senior Vice President for Government Relations David French…
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said Congress “should be working to protect local communities from an escalated trade war” brought on by the Trump administration’s Section 301 tariffs on Chinese imports and China’s retaliatory tariffs on U.S. goods. Duffy’s “misguided” legislation “would do the exact opposite, giving the executive branch limitless power to raise taxes in the form of tariffs,” French said. “Congress has already ceded far too much of its clear constitutional authority over tariffs, and we are witnessing the consequences unfold across the country. The idea that Congress would make matters even worse by further abdicating its role on trade policy is simply unconscionable.” Duffy's bill would give the president the ability to raise U.S. tariffs to match other countries' levels without having to justify the move through a safeguard or national security investigation.