Bipartisan senators' bill would require Congress to approve new tariffs

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 of the tariffs’ potential impact on the U.S. economy. Congress would have to approve the new tariffs within 60 days or allow them to expire.

If enacted, the bill would shift certain trade policymaking powers from the executive branch to the Congress. 

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