HR. 735In Committee
United States Reciprocal Trade Act
Expands presidential trade authority to negotiate reciprocal tariff reductions or raise import duties when foreign countries impose higher tariffs or other trade barriers on U.S. goods
Plain-English overview
What this bill does
Expands presidential trade authority to negotiate reciprocal tariff reductions or raise import duties when foreign countries impose higher tariffs or other trade barriers on U.S. goods
Key points
- Require congressional consultation and notice
- Authorize reciprocal tariff negotiations
- Allow increased import duties
- Allow joint resolution disapproval
Current status
Where it stands
Status
In Committee
Latest action
2025-01-24 — Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresCongressional oversightCongressional-executive branch relationsForeign Trade and International FinanceFree trade and trade barriersLegislative rules and procedurePresidents and presidential powers, Vice Presidents