Overview

• House Democrats, led by Rep. Jamie Raskin, and Senate Minority Leader Chuck Schumer have introduced the Truth in Tariffs Act, targeting transparency in consumer pricing.
• The legislation would mandate retailers to display how much of product costs are attributable to tariffs imposed during the Trump administration.
• President Trump's tariff policy includes a 10% baseline on most imports, additional levies on metals and vehicles, and a 145% duty on Chinese goods.
• A recent poll shows strong public support for requiring businesses to disclose the impact of tariffs on consumer prices.
• Amazon previously considered displaying tariff costs but abandoned the idea after criticism from the White House, which labeled it a 'hostile and political act.'