Trump allies push to arm president with new tariff weapon to punish countries 'ripping off' America
FIRST ON FOX: Just as the Trump administration has refunded billions in tariffs to companies in the U.S., a push is growing in the Senate to give the president sharper, more focused tariff powers across the globe.Sen. Rick Scott, R-Fla., is leading the charge to give President Donald Trump congressional approval for his tariffs, specifically against countries that have longstanding trade deficits with the U.S.
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FIRST ON FOX: Just as the Trump administration has refunded billions in tariffs to companies in the U.S., a push is growing in the Senate to give the president sharper, more focused tariff powers across the globe.Sen. Rick Scott, R-Fla., is leading the charge to give President Donald Trump congressional approval for his tariffs, specifically against countries that have longstanding trade deficits with the U.S. after his universal duties were nixed by the Supreme Court."Previous generations of Americans gave us an economic superpower; it’s our job to preserve what they built and to leave America better than we found it for our children and grandchildren," Scott told Fox News Digital in a statement. "That means we can’t let other countries rip us off."TRUMP JUST EXPANDED HIS TARIFF PLAYBOOK WITH A POWERFUL TRADE WEAPON NO PRESIDENT HAS EVER USEDScott’s bill, the Trade Deficit Elimination Act, would in effect create a congressional framework that allows Trump to authorize tariffs where there are trade deficits with the nation’s trade partners that are a detriment to America’s national security, foreign policy interests, and economic interests.It would require the creation of an annual watch list for countries with trade deficits that are identified and compiled by U.S.
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- FIRST ON FOX: Just as the Trump administration has refunded billions in tariffs to companies in the U.S., a push is growing in the Senate to give the president sharper, more focused tariff powers across the globe.Sen. Rick Scott, R-Fla., is leading the charge to give President Donald Trump congressional approval for his tariffs, specifically against countries that have longstanding trade deficits with the U.S.
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- 1 outlet, average source rating 6.0/10.
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- 14m ago.
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Trump allies push to arm president with new tariff weapon to punish countries 'ripping off' America
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