To impose additional duties on imports of goods into the United States.
118-HR-9827118th CongressIntroduced Sep 25, 2024Foreign Trade and International Finance
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the Subcommittee on Trade.
Sponsor
Rep. Golden, Jared F. [D-ME-2](D-ME-2)Summary
This bill directs the President to impose additional duties (i.e., tariffs) on all imports entering the United States.
Specifically, the President must impose an additional 10% duty on all imports entering the United States.
Additionally, the bill directs the President to increase this duty on imported goods by an additional 5% if the United States has a deficit in the trade of goods and services generally for the immediately preceding calendar year. If the United States has a balance or surplus in the trade of goods and services, then the President must decrease the duty by 5% (except the imposed duty shall not be reduced below $0).
Subjects
Tariffs
Actions (4)
Referred to the Subcommittee on Trade.
Dec 17, 2024House committee actions
Referred to the House Committee on Ways and Means.
Sep 25, 2024House floor actions
Introduced in House
Sep 25, 2024Library of Congress
Introduced in House
Sep 25, 2024Library of Congress