More US Senate Republicans voice support for congressional oversight on tariffs [View all]
Source: Reuters
April 4, 2025 9:44 PM EDT Updated 10 hours ago
WASHINGTON, April 4 (Reuters) - A U.S. Senate bill that would require congressional approval for new tariffs gained more Republican support on Friday, on the second day of a stock market rout sparked by President Donald Trump's move to impose sweeping new taxes on imports.
Republican U.S. Senators Lisa Murkowski of Alaska, Mitch McConnell of Kentucky, Jerry Moran of Kansas and Thom Tillis of North Carolina joined on as co-sponsors of a bill introduced on Thursday by Republican Chuck Grassley of Iowa and Democrat Maria Cantwell of Washington. The bill would terminate new tariffs within 60 days unless the U.S. Congress explicitly approves them. However, it is unclear if it has any chance of being taken up in, let alone passing, the Senate, where Trump's party holds a 53-47 majority.
Many Republicans are voicing support for the president's move on tariffs, which economists say will push prices higher and risks triggering a recession but the White House contends will spur new investment in U.S. manufacturing. "Every state has unique industries that are impacted differently by changes in global markets and trade policies, such as agriculture, car manufacturing and aircraft production," Moran said in a statement to Reuters on Friday.
"The Constitution gives Congress the authority to make decisions regarding foreign commerce, including tariffs." It was the latest sign of unease among some Senate Republicans over Trump's sweeping new tariffs. On Tuesday, a separate bill was passed - backed by four Republicans and all the chamber's Democrats - which would have the effect of terminating new tariffs on Canada.
Read more: https://www.reuters.com/world/us/more-us-senate-republicans-voice-support-congressional-oversight-tariffs-2025-04-04/
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