Sen. Rick Scott, R-Fla., is leading the charge to give President Donald Trump congressional approval for his tariffs, specifically against countries that have longstanding trade deficits with the U.S.
Trade Deficit Elimination Act
Scott’s bill, the Trade Deficit Elimination Act, would create a congressional framework that allows Trump to authorize tariffs where there are trade deficits with the nation’s trade partners that are a detriment to America’s national security, foreign policy interests, and economic interests.
The bill would require the creation of an annual watch list for countries with trade deficits that are identified and compiled by U.S. Trade Representative Jamieson Greer. That list would deem each country identified as having “trade deficit economies.”
Trump and Greer would still need to seek consultation from Congress, specifically from the House Ways and Means and Senate Finance committees, but aren’t required to get congressional approval for applying duties to listed countries.
Original reporting: Fox News (HLL/CB) — read the source article.
