Not everyone is happy with the President’s tariff plan. Lawmakers recently debated a bill to limit the President’s powers through executive action.
The bill was called “Protecting Americans from Tax Hikes on Imported Goods Act,” and it would have clarified the President’s powers with executive orders, wording that they cannot be used to levy tariffs.
Senator Ron Wyden from Oregon argued that tariffs will hurt Americans directly in their wallets, saying they raise costs on a number of agricultural goods among other products.
Ultimately, the bill failed to get support and died in the Senate.
Related Stories
North Dakota Farmers Union (NDFU) President Mark Watne joined us Monday to share his perspective on the America First Trade Promotion Program and potential implications for producers.
Duane Simpson, CEO of the National Council of Farmer Cooperatives (NCFC), joined us in Monday’s Market Day Report to share his perspective on the USDA’s plan and potential impact on producers.
Beal joined us on Friday’s Market Day Report to discuss her election to NASDA’s presidency, challenges facing American agriculture, and her background as a Mainer and dairy farmer.
RFD-TV Farm Legal and Taxation expert Roger McEowen joined us Friday to break down the executive order and what it means for farmers and ranchers.
Farm CPA Paul Neiffer joined us on Friday’s Market Day Report to break down what this extension means for affected ranchers.