H.R. 505 aims to impose additional duties on imports of goods into the United States. Initially, the President must set a 10% ad valorem duty on these imports. If the U.S. has a trade deficit for the previous year, the duty increases by an additional 5%; if there's a trade...
H.R. 505 wants to add extra charges on stuff brought into the country. The charge goes up or down a little each year, depending on whether the U.S. bought more than it sold last year.
H.R. 9827 proposes to impose an additional tax on goods imported into the United States. The bill requires the President to apply a 10% ad valorem duty on imports. Each year, this duty could increase by an additional 5% if the U.S. has a trade deficit, or decrease by 5% if...
This bill is like adding a price tag to toys you buy from another country; if America buys more than it sells to other places, the price increases a bit each year, but if America sells more than it buys, the price tag goes down.
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