Lawmakers eyed a bill to limit President Trump’s tariff powers

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
Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
Farm CPA Paul Neiffer shares his perspective on the uncertain outlook of federal farm relief and the Farm Bill, which may not materialize until the government shutdown ends.

LATEST STORIES BY THIS AUTHOR:

University of Nebraska–Lincoln ag educator Matt Kreifels discusses his recent FFA Alumni award and the future of ag education.
Mexico plans to release 202,000 acre-feet of water into the Rio Grande, offering temporary relief to South Texas farmers as Congress advances the PERMIT Act.
Analysts say that while low-income households are facing financial pressures, other middle- and higher-income consumers are helping fill the gap for retail beef demand.