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International trade

Legislation Introduced to Assess Impact of Trump's Trade Policies on American Families

Strategic Insights

— 1 min read

U.S. Representatives Derek Tran (CA-45), Hillary Scholten (MI-03), and Greg Landsman (OH-01), co-chairs of the Lowering Costs Caucus, have introduced legislation to direct the United States International Trade Commission to study the inflationary impact of President Trump's tariffs on everyday American families. The Toll of Tariffs Act aims to expose the true cost of tariffs and bring transparency to trade decisions made by the Administration. The study's findings are expected to be reported to Congress within 6 months.

Key Takeaways:

  • The Toll of Tariffs Act directs the United States International Trade Commission to study the inflationary impact of President Trump's tariffs on everyday American families.
  • The legislation was introduced by Representatives Derek Tran (CA-45), Hillary Scholten (MI-03), and Greg Landsman (OH-01), co-chairs of the Lowering Costs Caucus.
  • The study's findings are expected to be reported to Congress within 6 months.
  • Representative Tran has introduced the Baby Food Tax Relief Act to exempt essential baby food products from President Trump's tariffs.
  • Representative Tran also introduced the Keep Kids Covered Act to ensure uninterrupted access to affordable health care for all children enrolled in Medicaid and the Children's Health Insurance Program.
  • Congressman Tran serves on the House Armed Services Committee and House Small Business Committee, where he is Ranking Member of the Oversight, Investigations, and Regulations Subcommittee.
  • The Lowering Costs Caucus, co-founded by Representatives Tran, Scholten, and Landsman, aims to develop solutions to make life more affordable for American families.

Statistics:

  • Tariffs imposed by President Trump's executive orders will be studied for their inflationary impact on everyday American families.
  • The study is expected to be completed within 6 months.
  • Representative Tran has introduced multiple pieces of legislation to address the cost of living crisis, including the Baby Food Tax Relief Act and the Keep Kids Covered Act.
  • Congressman Tran serves on the House Armed Services Committee and House Small Business Committee.

Sources:

  • Office of California Rep. Derek Tran
  • Congressional statement by Rep. Tran (CA-45)
  • Congressional statement by Rep. Scholten (MI-03)
  • Congressional statement by Rep. Landsman (OH-01)

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