A bipartisan Senate bill co-sponsored by Sen. Chuck Grassley, R-Iowa, would require congressional approval for all new tariffs, an effort to “reassert Congress’ constitutional role,” he said.

Senate Finance Committee members Grassley and Sen. Maria Cantwell, D-Wash., introduced the “Trade Review Act of 2025” on the Senate floor Thursday after President Donald Trump’s new tariffs that spooked markets and incurred backlash from some Republicans.

“Not later than 48 hours after imposing or increasing a duty with respect to an article imported into the United States, the President shall submit to Congress a notification of the imposition of or increase in the duty that includes (1) an explanation of the reasoning for imposing or increasing the duty; and (2) an assessment of the potential impact of imposing or increasing the duty on United States businesses and consumers,” the bill reads.

Read more at Newsmax© 2025 Newsmax. All rights reserved.