Bipartisan bill would limit Trump on tariffs

As the markets around the world have descended and other countries have drawn revenge in the reaction of President Donald Trump’s reputation tariffs, Republican Senator Chuck Grassley and Democrat Maria Cantwell introduced two -party legislation on Thursday, which will require Congress to approve of new tariffs.

According to the bill, the president is obliged to notify the congress of new tariffs within 48 hours and the Congress must act to approve these tariffs within 60 days.

At this point, it is unclear whether the bill will have the support it has to pass. It comes less than a day after four Republicans voted with Democrats to adopt a resolution to block Trump’s tariffs for Canadian products.

The reaction of the tariffs and their falling on the Capitol hill was predictably divided by party lines, although some Republicans said they were dealing with how the markets react.

Cantwel said the Grassli bill is coming at a time when Congress must “confirm our constitutional obligations.”

“Today I am rising to talk about the important role that Congress plays to secure our economy remains strong and very important for the American people to reduce costs,” she said on the Senate floor.

Senate’s minority leader Chuck Sumer, on Thursday, called the tariffs one of the “dumb” decisions Trump made as president.

“Yesterday, Donald Trump made one of the dully decisions he had ever made as president, and that says something,” said Sumer on the Senate floor.

“Donald Trump has created a single fire with a financial forest fire,” he said.

Sumer called the speaker Mike Johnson to call the House back to a session to absorb a resolution transmitted to the Senate to block the tariffs of Canadian goods. Republicans Susan Collins, Mitch McConnell, Lisa Murkovski and Rand Paul voted with Democrats on Wednesday to accept the bill that Paul co -authored with Democrat Tim Kane.

Home management is not expected to absorb this resolution and the chamber is not expected to return until next week.

McConnell said on Thursday that “trade wars with our partners hurt the most working people.”

“Do not be fooled: the goods made in America will be more expensive to produce and ultimately consumers to buy, with higher tariffs for a wide basis. At a time when Americans tighten their belts, we will do well to avoid policies that accumulate pain,” McConnell wrote on Thursday.

McConnell also said that instead of America, it should strengthen relations with allies, more special, to protect itself from China’s “predatory and unfair commercial practices.”

“The last thing we need is to choose battles with the friends we have to work with to protect ourselves from China’s predatory and unfair commercial practices,” McConnell wrote.

Cantwell said the proposal, which was the author of Grassley, was modeled after the 1973 military was resolved and would “restore the restrictions on the president’s powers”, more in particular in connection with the imposition of congressional tariffs.

“The Congress in the Military Forces Act has decided to regain its authority because they believe the president has exceeded,” Cantwell said. “Senator Grassli and I try to do the same today by introducing the Law on the Trade Review of 2025. Trade wars, which often cause a sharp increase in prices, foreign revenge and huge impact on our economy, can influence the livelihoods, the manufacturers of the supply and the firmly winning open. “

Cantwell and Grassli serve the Senate Financing Committee. Grassli, a former chairman of the committee, has long advocated to restore the role of congress in trade policy.

Asked if Trump had made the right move, Republican Senator Mike Circles from South Dakota said, “We will understand.”

“The only thing we know is that the president was very clear that he believes that there should be agreements on fair trade with our partners, our friends and our allies,” Carr said. “He does not believe he is fair and wants to see this change. This is his first step. Let’s find out how they react.”

North Dakota Senator GoP Kevin Cramer said he was comfortable where his constituents stood at Trump’s rates.

“My own voters voted for it,” he said. “It’s not like Donald Trump to surprise anyone – he has signaled his strong support for tariffs from the beginning, he practiced it in the past, and with that he received 66 percent of the votes in North Dakota, so with that promise they trusted him. So, yes, I am comfortable where my constituents are.”

And although he said he was involved in how the markets reacted, Kramer said that the longer trends would be more invited.

“Well, you know the market is emotional – it has always been,” Kramer said. “I never look at a single day from the market and see a trend, so you know, you will see, but I hope that as I said he finds the bottom and then he starts to find the ceiling much later.”

Democratic Senator Chris Coons of Rod Island called the tariffs “crazy” and said that unfold was “another thing that is inconsistent, poorly planned and will have significant consequences.”

“They do not know what they are doing and the consequences for our economy, our costs for families and communities will be harmful and durable,” Coons said.

Kane said the tariffs are “another bowel blow for the economy.”

“President Trump had one of the strongest economies in the world when it was opened on January 21 and look at what he did,” he said. “It just took him two months, look what he did.”

Kane said that some Republicans who voted against his resolution on Wednesday told him that he was not wrong, but they would give Trump the benefits of doubt.

Asked if he thinks they can raise their voice while things play, he said, “I do it because I think they will hear from their voters stronger and stronger and stronger.” They will see that it will not work, and when it does not work, I cannot imagine that they will stand, as you know.

-Sll News Mariam Khan and Rachel Scott contributed to this report.