04/04/2025 | Press release | Distributed by Public on 04/04/2025 16:34
Follows Senate passage of Klobuchar's bipartisan bill with Senators Kaine and Warner to end President Trump's tariff taxes on Canada
WASHINGTON - U.S. Senator Amy Klobuchar (D-MN) joined Senators Maria Cantwell (D-WA) and Chuck Grassley (R-IA) to introduce the Trade Review Act of 2025, bipartisan legislation that would restore congressional oversight over President Trump's tariff taxes. The bill aims to bring stability and accountability to U.S. trade policy by reestablishing limits on the president's ability to unilaterally impose tariffs without the approval of Congress.
In addition to Klobuchar, Cantwell, and Grassley, the legislation was cosponsored by Senators Jerry Moran (R-KS), Lisa Murkowski (R-AK), Mark Warner (D-VA), Mitch McConnell (R-KY), Michael Bennet (D-CO), Thom Tillis (R-NC), and Peter Welch (D-VT).;
This legislation follows Senate passage of Klobuchar's bipartisan resolution with Senators Tim Kaine (D-VA) and Mark Warner (D-VA) to end President Trump's tariff taxes on Canadian goods. It comes amid sharp economic fallout from the President's new across-the-board tariff taxes on all imports, which triggered a nearly 5% drop in the stock market yesterday-the steepest decline since the pandemic crash in March 2020-and additional losses today. Altogether, Trump's tariff taxes will raise consumer costs by nearly $4,000 per household-representing the largest tax increase since 1968.
"President Trump's tariff tax is raising costs for Americans and creating economic uncertainty. The erratic way these tariffs have been announced, un-announced, and re-announced has made it difficult for families and businesses to plan for the future. That is why I'm introducing bipartisan legislation to restore sanity and stability to our trade policy by ensuring they are subject to additional review and approval."
The Trade Review Act of 2025 reaffirms Congress' authority over tariffs, as granted in Article I, Section 8 of the Constitution by placing the following limits on presidential tariff actions:
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