This bill would nullify the 25 percent tariff on steel and the 10 percent tariff on aluminum imposed by the Trump administration. The tariffs (ie taxes on imports) are focused on China and exempt Argentina, Australia, Brazil, Canada, Mexico, the European Union, and South Korea.
What is Senate Bill S. 2538?
Cost of Senate Bill S. 2538
In-Depth: Sponsoring Sen. Jeff Flake (R-AZ) introduced this bill to nullify the Trump administration’s tariffs on steel and aluminum imports:
“You can be pro-growth or pro-tariff, but you cannot be both. Those who have reservations about these tariffs ought to support this bill. Those who have expressed admiration for free trade or supply-side economics ought to support this bill. Those who are happy with the economic growth we have recently achieved and are interested in seeing it continue ought to support this bill. We in Congress cannot be complicit as this administration courts economic disaster. I urge my colleagues to join me in exercising our constitutional oversight to invalidate these irresponsible tariffs.”
This legislation has the support of one cosponsor, Sen. Heidi Heitkamp (D-ND).
Summary by Eric Revell(Photo Credit: Alexander_Falagulin / iStock)
A bill to prohibit an increase in duties on imports of steel and aluminum.
- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedMarch 12th, 2018
- senate Committees