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2025-04-22

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Trump's tariffs raise concerns, more Senate Republicans call for increased congressional oversight of tariffs.

Trump's tariffs raise concerns, more Senate Republicans call for increased congressional oversight of tariffs.
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According to a Reuters report, the day after President Trump imposed new tariffs on imported products, the Senate saw increased Republican support for a bill that requires congressional approval for new tariffs. Senators like Lisa Murkowski from Alaska became co-sponsors of the bill. The legislation stipulates that new tariffs must receive congressional consent within 60 days to continue in effect. Although Trump’s Republican Party holds a majority in the Senate, it remains unclear whether the bill will make it to the agenda. Many Republican lawmakers support Trump’s tariff policies, but economists are concerned that the move could trigger rising prices and economic recession. Another bill imposing new tariffs on Canada was passed on the 1st, receiving majority support, but the House of Representatives has yet to indicate whether it will be included in the agenda.

According to reports, the day after President Trump's imposition of new tariffs on imported products led to a significant drop in the stock market, a Senate bill requiring congressional approval for new tariffs received increased support from Republican senators on the 4th.

  • Senator Lisa Murkowski of Alaska
  • Senator Mitch McConnell of Kentucky
  • Senator Jerry Moran of Kansas
  • Senator Thom Tillis of North Carolina

These senators joined Senator Chuck Grassley of Iowa and Senator Patty Murray of Washington, a Democrat, who proposed the bill on the 3rd, becoming co-sponsors. Under this bill, new tariffs would be terminated within 60 days unless explicitly approved by Congress. However, it is still unclear whether this bill will be scheduled for discussion in the Senate, let alone whether it will pass.

Currently, Trump's Republican Party holds a majority in the Senate with 53 to 47. Many Republican senators have expressed support for Trump's tariff actions, but economists warn that this could drive up prices and pose a risk of economic recession. The White House claims that this will stimulate new investment in American manufacturing.

In a statement on the 4th, Moran noted that the Constitution grants Congress the authority to make decisions regarding international trade, including tariffs. This is also the latest sign of unease among some Senate Republicans regarding Trump's sweeping new tariffs.

Additionally, another bill passed on the 1st aims to terminate new tariffs on Canada, which received support from four Republican senators and all Democratic senators. So far, there are no indications that the House of Representatives, also controlled by Republicans, will include this bill on their agenda.