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Two senior lawmakers have introduced a bipartisan bill that would reassert Congress' powers over U.S. tariffs, a day after President Donald Trump announced a new wide-ranging tariff strategy during his "Liberation Day" speech on Wednesday.
Sen. Chuck Grassley, R-Iowa, and Maria Cantwell, D-Wash., on Thursday introduced the Trade Review Act of 2025, which would require the president to notify Congress about any new tariffs within 48 hours of imposition.
The bill also requires that Trump provide an explanation of the rationale along with an analysis...
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