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.
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Together, these markets highlight the diverse forces shaping industrial inputs and safe-haven assets.
“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
