The proposal by Republican Rep. Don Bacon, R-Neb., to restore tariff power back to Congress from President Trump is a significant development in the ongoing debate over trade policies in the United States. While it's true that Congress has historically played a role in setting and adjusting tariffs, the recent trend of granting more unilateral authority to presidents has raised concerns among lawmakers like Bacon who believe this shift undermines the balance of power between the executive branch and the legislative branch.
Bacon's suggestion that Congress should take back its role in setting tariffs is a direct response to what he perceives as a mistake made by granting such authority to presidents, including Trump, Biden, and Obama before him. By doing so, Bacon argues that the House and Senate have allowed for too much unilateral power over trade policies, which should be vested in both branches of Congress.
The Trade Expansion Act of 1962 is a key piece of legislation mentioned in this article, as it granted presidents sole authority to decrease tariffs under 5% and introduced Section 232, allowing the president to adjust trade policies based on national security concerns. This act has been used by several administrations since then, including Trump's administration, which imposed steep tariffs on imports from countries like China, Mexico, and Canada.
In light of these developments, Bacon's proposal highlights a growing concern among lawmakers about the balance of power between Congress and the executive branch when it comes to trade policies. If implemented, this change could potentially lead to more oversight and scrutiny over tariff decisions made by future presidents, ensuring that both branches of government are involved in shaping these critical aspects of U.S. foreign policy.
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