Senator Maria Cantwell (D-WA) is advocating for the Trade Review Act of 2025 to reassert Congress' authority over tariffs, requiring approval for new tariffs and allowing Congress to end them with a resolution. This aims to have a rules-based approach to trade agreements.
Key Points
Critical need for Congress to review trade issues
Importance of a rules-based approach in trade agreements
Avoidance of economic disruption through tariffs
Pros
Reasserts Congress' authority over tariffs
Requires approval for new tariffs
Allows Congress to end tariffs with a resolution
Promotes a rules-based approach to trade agreements
Cons
May face resistance in passing both the Senate and the House
Potential for political gridlock in approving or disapproving tariffs