Senate Bill Gains Support to Limit Trump's Tariff Powers Amid Market Turmoil

A bipartisan U.S. Senate bill aiming to curb President Donald Trump’s tariff powers is gaining traction among Republicans amid growing economic concerns. Introduced by Republican Senator Chuck Grassley and Democrat Maria Cantwell, the bill would require congressional approval for new tariffs, terminating them within 60 days if not approved.

Senators Lisa Murkowski, Mitch McConnell, Jerry Moran, and Thom Tillis have joined as co-sponsors, reflecting rising GOP unease. The move follows a sharp stock market decline triggered by Trump’s sweeping new import tariffs, which critics warn could raise consumer prices and spark a recession.

Senator Moran emphasized that Congress holds constitutional authority over foreign commerce. While the bill has support, its passage remains uncertain in a Senate controlled by Republicans, many of whom still back Trump’s trade strategy.

Senator Ted Cruz, a Trump ally, warned that escalating tariffs could create a “terrible” economic scenario. Meanwhile, Representative Don Bacon plans to introduce a companion bill in the House, though GOP leadership aligned with Trump may block it.

Senate Democrats, led by Chuck Schumer, also plan to push a budget amendment that would revoke tariffs causing higher prices for essential goods, while keeping those on countries like China and Iran.

Senator Tillis, facing a competitive re-election, expressed concern over the impact on North Carolina’s agriculture, including pork and poultry, which are vulnerable to retaliatory tariffs. He called for a clear trade strategy from the administration, suggesting that a major trade deal could provide a better alternative to punitive tariffs.

Despite bipartisan pushback, Trump remained firm, stating on social media that “my policies will never change.”

The growing rift highlights tensions between economic realities and political loyalties as lawmakers debate the future of U.S. trade policy.