HR 505 · in committee · major
To impose additional duties on imports of goods into the United States.
- economy
What this bill does
- The bill requires the President to impose a 10% tariff on all imports into the United States.
- This affects all foreign goods entering the U.S. and impacts American consumers and businesses.
- The tariff increases by 5% if the U.S. has a trade deficit, or decreases by 5% if there's a surplus.
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Community Threads
Started by Cosponsor
- 01
How might a 10% baseline tariff on all imports affect prices that American households pay for everyday goods?
- 02
Which U.S. industries or workers could benefit from higher tariffs on foreign goods, and which might face challenges?
- 03
What evidence exists that adjusting tariffs based on trade deficits or surpluses would effectively reduce the deficit?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-ME-2
Jared F. Golden
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-16
Legislative timeline
2025-01-16 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-16 · IntroReferral
Introduced in House
2025-01-16 · IntroReferral
Introduced in House
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