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Search Results: keywords:"imposition of duties"

  • H.R. 2665, known as the “Trade Review Act of 2025,” proposes that Congress must be notified within 48 hours whenever the President imposes or increases a duty on an imported article. The bill requires the President to explain the duty's rationale and assess its potential...

    Simple Explanation

    H.R. 2665, called the "Trade Review Act of 2025," says that if the President makes a decision to add or raise a tax on stuff coming from other countries, Congress has to be told about it quickly and has 60 days to agree; if they don't, the new tax goes away. This doesn't include certain special taxes for things like unfair trade practices.