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Transparency in Tariff Changes: President Must Justify Decisions

This new act requires the President to publicly justify any changes to import tariffs before they take effect. This means greater transparency in decisions affecting the prices of imported goods, which may indirectly influence the cost of products available to citizens.
Key points
The President must announce and provide a detailed justification for any tariff change (increase or decrease) at least 48 hours before it takes effect.
Justifications for tariff changes will be publicly available, increasing citizens' awareness of the reasons behind fluctuations in imported product prices.
The U.S. Trade Representative will be required to brief Congress on these decisions, ensuring additional oversight of trade policy.
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Status: Introduced
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Additional Information
Print number: 119_HR_3292
Sponsor: Rep. Kim, Young [R-CA-40]
Process start date: 2025-05-08