LOADING ERROR LOADINGWASHINGTON — President Donald Trump is crashing the global economy with arbitrary tariffs against countries around the world, but it doesn’t have to be this way. Congress could stop the tariffs at any time. “It’s time that Congress restores its authorities here,” Bacon said on “Face the Nation.” “And the Constitution is clear, the House and the Senate, Congress has the power of tariffs and taxes. Any bill that Congress passes reasserting its authority over tariffs would likely need a large, veto-proof majority, or a two-thirds vote in both the House and the Senate. There’s no indication yet that nervous Republicans will bail on Trump’s tariff regime, but that could change if financial markets continue melting down.

Source: Huffington Post April 07, 2025 17:42 UTC