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President-elect Donald Trump proposed sweeping new tariffs during his campaign. Calls itself “customs officer” have explain He could impose such tariffs on U.S. imports without congressional approval.
Economists and other experts debate whether he can do so.
Sen. Rick Scott, R-Fla. — one of three lawmakers vying to succeed Sen. Mitch McConnell, R-Ky., as Senate majority leader — said Sunday that Trump may need help from Congress.
“Tariffs will most likely require 60 (Senate votes) unless we can somehow get that through 51 (Senate) reconciliation,” Scott said. explain Fox News “Sunday Morning Futures.”
Reconciliation is a way to pass tax and spending bills in the Senate with a simple majority. It avoids a filibuster, which would require 60 votes to pass.
Control of the House of Representatives is needed to pass such legislation, Still not clear.
Tariffs are taxes levied on imported goods that are usually passed on to consumers. Trump has vowed to impose comprehensive tariffs of 10% to 20% on all imports into the United States, and impose tariffs of at least 60% on Chinese imports.
He also made other suggestions, such as imposing tariffs of at least 200% on vehicles coming from Mexico and imposing similar tariffs on companies. Deere & Company If you want to move some production from the United States to Mexico.
Economic experts are controversial over whether Trump’s tariff plans, particularly on global imports, can be implemented through executive action.
Alan Wolf, former deputy director-general of the World Trade Organization Wrote In September, “Trump has no power to do this.”
However, Jason Furman, a Harvard professor and former chairman of the Obama administration’s Council of Economic Advisers, said Trump could impose sweeping tariffs “to maintain national security” or use “many different things in the law.” Tell CNBC.
“Nonetheless,” he added, “this will all end up in court.”
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