The White House threatens to veto the bill giving Congress oversight over the president's tariff powers.

The controversy over U.S. President Trump's tariff policies has escalated, and the White House said on Monday that it would be vetoed by the president if the "Trade Review Act of 2025" proposed by the Senate were passed. The bill, co-sponsored by Republican Senator Chuck Grassley from Iowa and Democratic Senator Maria Cantwell from Washington state, aims to strengthen congressional oversight over the president's imposition of new tariffs.

The "Trade Review Act of 2025" requires the president to notify Congress within 48 hours when imposing new tariffs or increasing existing ones, explaining the reasons for such actions and assessing their impact on American businesses and consumers. More importantly, according to this bill, all new tariffs or increased tariffs will automatically expire after 60 days unless approved by a joint resolution passed by Congress.

Grassley stated in a statement: "For too long, Congress has delegated its regulatory power over interstate and foreign trade to the executive branch. It is time to re-establish Congress's constitutional role in trade policy."

The core goal of the bill is to limit the president's unilateral power to make major trade measures without congressional approval. The sponsoring lawmakers emphasized that such measures are intended to re-establish Congress's constitutional role in trade policy and ensure congressional voice in tariff policies.

In addition to the Senate, Republican Representative Bera also announced plans to introduce a House version of the legislation.

After Trump announced the imposition of additional tariffs last week, stock markets fell amid concerns that the U.S. economy might further decline. Earlier on Monday, reports on social media that Trump was considering suspending tariffs for 90 days spread widely, leading to a rise in stock prices, which were later refuted by the White House as "fake news."

Trump responded to reporters by saying he was not considering "suspending tariffs" for negotiations. "Many countries come to negotiate with us, and these deals will be fair. In some cases, they will pay substantial tariffs. These will be fair deals."

The White House strongly opposed the bill in a statement on Monday and warned that the president would exercise his veto power if the bill were passed. The statement noted that the bill would "seriously restrict" the president's authority, long recognized by Congress and supported by the courts, to respond to national emergencies and external threats. This information was first reported by U.S. media Axios.

The statement said: "If S.1272 is presented to the president, he will veto the bill."

Source: rfi

Original source: https://www.toutiao.com/article/1828808379892748/

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