Trump Vows To Veto Senate Bill Targeting Tariff Authority

Afterunveiling“LiberationDay”tariffslastweek,PresidentDonaldTrump’sadministrationwarnedMondaythathewouldvetoaSenatebillgivingCongressmoreauthorityoverfuturelevies. TheOfficeofManagementandBudgetsentastatementofadministrationpolicytosenatorsinresponsetothe“TradeReviewActof2025,”whichhassupportfromRepublicansandDemocratsintheupperchamber. “Ifpassed,thisbillwoulddangerouslyhamperthePresident’sauthorityanddutytodetermineourforeignpolicyandprotectournationalsecurity,”saidthestatement.“IfS.1272werepresentedtothePresident,hewouldvetothebill.” The“TradeReviewActof2025”requiresthepresidenttonotifyCongresswithin48hoursofimposingorincreasingatariff,providingreasoningfortheduties,aswellasanimpactanalysisonAmericanbusinessesandconsumers. Inaddition,thebillmandatescongressionalapprovalviaajointresolutionwithin60daysforthetariffstoremainineffect.ItalsoallowsCongresstoterminatetariffsatanytime,excludinganti-dumpingandcount