Pulling Back The Reins Of Trade Power

The dynamics of America’s 2019 trade policy can be traced back to 84 years ago with the Reciprocal Trade Act of 1934, when Congress willingly handed over their power to set tariffs to the president. The thinking behind the law–that the president had the entire nation’s economic interest in mind while members of Congress were beholden to special interests–made sense. But today, Congress is skeptical about the president’s intentions, and it’s starting to tug back as President Trump seeks sweeping and broad new tariff powers.

Forbes

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Shelly Jo Jacobs

Author: Shelly Jo Jacobs