H.R. 735, known as the "United States Reciprocal Trade Act," authorizes the President to take actions to address trade imbalances where foreign countries impose higher tariffs or non-tariff barriers on U.S. goods than the U.S. does on their goods. The bill allows the President to negotiate...
Simple Explanation
The "United States Reciprocal Trade Act" lets the President make deals or raise taxes on goods from other countries if they treat U.S. goods unfairly, like charging more taxes. The President has to talk with Congress first and can make these changes for up to three years unless Congress says it's okay to keep going.