H.R. 735 would let the President respond when a foreign country places significantly higher tariffs or certain trade barriers on U.S. goods than the United States places on that country's goods. The President could seek an agreement to lower those barriers or impose duties on imports of the affected goods. Before imposing duties, the President would have to give at least 30 days' notice and allow public comment. Congress could end a duty through a disapproval resolution requiring a two-thirds vote in each chamber. The authority to impose new duties would last three years and could be extended for another three years if the President requests an extension and Congress does not disapprove it. The bill was introduced and referred to House committees.
If enacted, the bill could change duties on some imported goods. It does not identify specific goods or countries that would be affected. Before a new duty takes effect, the public could comment on the proposal.
The bill does not specify government or household expenses. It authorizes duties on certain imports but does not estimate their cost.
The bill's findings say reciprocal duties could encourage trading partners to lower tariffs and other trade barriers and create more opportunities for U.S. producers, farmers, and workers.
No publicly available information.