According to foreign media reports, on July 11, local time, the US Senate allowed President Donald Trump to assume trade responsibility, but failed to limit his power to impose tariffs. At the same time, the Senate also adopted a symbolic proposal with an overwhelming 88:11 vote to support Congress in its role in national security tariffs, such as restricting Trump's tariffs on imported steel, aluminum and automobiles.
On the day before the vote, the US government said it would impose a new round of 10% tariff on China’s $200 billion worth of goods. The tariff will not take effect immediately. It will go through a two-month review process and will be on August 20th. A hearing was held on August 23. The tariff list is 195 pages long. These include hundreds of food items as well as consumer electronics such as cigarettes, coal, chemicals, tires, cat and dog food, and components including televisions. In addition, the proposed list of goods includes consumer goods such as clothing, TV parts and refrigerators, and other technology products, but does not include some of the most interesting products such as mobile phones.
The non-binding proposal was initiated by retired Tennessee Republican Senator Bob Corker, who has been criticizing Trump's trade agenda and is particularly concerned about Trump's import auto tariffs causing damage to the United States. Corker said in the Senate, "This is not a tariff for national security reasons. This is an abuse of the authority of the president." Corker also said that this vote gave Congress strong support and will support Congress on tariffs. Play a bigger role.
The Senate often uses test voting as a way to promote the final implementation of binding regulations. The results of this vote show the dissatisfaction of the Senate to impose tariffs on Trump. However, the vote also shows that the Senate is reluctant to accept the president's criticism, and this attitude will determine whether the Republican Party will continue to control the House of Representatives and the Senate before the November congressional elections.
China may express its counterattack on Trump's tariffs by allowing US companies to conduct business in the Asian region. Trump's latest move to increase China's import tariffs has increased this possibility, and the technology industry is particularly vulnerable.
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