Congressional Push to Limit Trump's Tariff Powers Gains Bipartisan Momentum

Senators Grassley and Cantwell introduce the Trade Review Act of 2025 as markets reel and global trade partners prepare retaliatory measures.

The Trade Review Act of 2025, introduced by Senators Chuck Grassley and Maria Cantwell, would require congressional approval within 60 days for new tariffs to remain in effect.
President Trump's 'Liberation Day' tariffs, including a 10% baseline on imports and higher rates for certain countries, are set to begin April 5, with additional measures starting April 9.
The legislation, modeled after the War Powers Resolution of 1973, seeks to reassert Congress's constitutional authority over trade policy.
Financial markets have reacted sharply to the new tariffs, with the Dow Jones Industrial Average dropping over 1,400 points, raising fears of economic instability.
The bill faces significant obstacles, including opposition from House Speaker Mike Johnson and the likelihood of a presidential veto, as global trade partners signal potential retaliation.