Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Politics

House Dems threaten to block Trump’s big tariff plans: ‘Unacceptable’

by admin January 17, 2025
January 17, 2025
House Dems threaten to block Trump’s big tariff plans: ‘Unacceptable’

House Democrats are trying to block President-elect Donald Trump from implementing his wide-ranging tariff plans just days before he is set to take office.

A new bill led by Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., and backed by 11 other Democrats, would block Trump from using presidential emergency powers to roll out higher import taxes.

During his campaign, Trump promised to levy a 60% tariff on goods from China and as much as 20% on other countries the U.S. trades with.

He most recently pledged on Truth Social to create an ‘External Revenue Service’ to ‘collect our Tariffs, Duties, and all Revenue that come from Foreign sources.’

Trump and his allies have argued that the plan would bolster American manufacturing while making it more difficult for adversaries like China to ‘export their way out of their current economic malaise,’ as Treasury Secretary nominee Scott Bessent told senators this week.

In theory, the commander in chief is able to bypass Congress to impose sweeping tariffs by declaring an emergency under the International Emergency Economic Powers Act.

However, Democrats argue the cost of the tariffs would just be passed on to American consumers.

‘The American people have clearly and consistently said that the high cost of living is one of their top concerns,’ DelBene said in a statement. ‘Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses.’

Beyer said, ‘Trump’s tariff proposals would misuse emergency authorities to raise prices on the American people, which is unacceptable.’

However, not all Democrats have rejected the plan.

Rep. Jared Golden, D-Maine, a moderate Democrat known to often break from his own party, introduced his own bill this week to impose a universal 10% tariff on all imports.

The 10% level would be reassessed each year, with room for a 5% increase or decrease depending on current U.S. economic conditions.

He argued in a statement to the Maine Morning Star, ‘The universal tariff — along with other policies to support domestic energy production, unions and manufacturing — is designed to reorient our economy from one focused on cheap goods and consumption to one centered on production and innovation.’

Fox News Digital reached out to the Trump transition team for comment on both bills.

Related Topics

  • House Of Representatives Politics
  • Trump Transition
  • Trade
  • Politics
This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Trump, China’s Xi speak on phone ahead of inauguration
next post
Supreme Court upholds looming TikTok ban

You may also like

Dueling Al Green censure efforts stir frustrations within...

Biden’s HHS secretary warns against implications of preemptive...

Top US ally, SDF commander in Syria warns...

White House interns mocked for issuing anonymous anti-Israel...

RFK Jr. asked Harris for Cabinet post in...

Trump’s first vice president urges his old boss...

New poll reveals how well voters know the...

Support for Biden impeachment inquiry grows with a...

New Trump-aligned committee chair pledges ‘colonoscopy’ of State...

DOJ prosecutor accused of limiting questions on Biden...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Trump’s fresh White House portrait sparks interest amid controversy over National Portrait...

    • Development update – Collie graphite micronising facility

    • Trump pushes ‘Big, Beautiful Bill’ as solution to four years of Biden failures: ‘Largest tax cut, EVER’

    • Mexican president hails first judicial election a ‘complete success’ after just 13% turnout

    • Top 10 Uranium-producing Countries

    Categories

    • Business (1,672)
    • Investing (5,005)
    • Politics (7,880)
    • Uncategorized (2)
    • World (6,386)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top