A Republican member of the House Financial Services and Foreign Affairs committees said Congress should intervene if the Trump administration doesn’t show considerable headway in tariff negotiations with dozens of countries.
“If they can make significant progress over the next 30-plus days, then I think a lot of this will settle down,” Rep. Mike Lawler of New York told Bloomberg on Thursday. “If this flares up again, then I think you would likely see Congress step in.”
President Donald Trump earlier this month announced sweeping reciprocal tariffs on U.S. trading partners through the International Emergency Economic Powers Act, which became law in 1977 and allows the president to declare a national emergency “to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States.” The declaration unlocked Trump’s power to impose tariffs that would otherwise have to pass through Congress.
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