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Tariff Transparency Act of 2025

Bill Number
S. 959
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Foreign Trade and International Finance
Status
Introduced
Latest Action
2025-03-11: Read twice and referred to the Committee on Finance.
Last Updated
2025-09-23T15:23:06Z

Official Summary

Tariff Transparency Act of 2025

This bill requires the U.S. International Trade Commission to investigate and report to Congress on the impact of additional tariffs on imports from Canada and Mexico. (President Donald J. Trump issued executive orders on February 1, 2025, to impose an additional 25% tariff on most imports from Canada and Mexico. These tariffs applied to all imports, except for Canadian energy or energy resources, which have an additional 10% tariff.)

Specifically, the report must assess (1) the impact of these tariffs on consumer prices; (2) the impact of any retaliation (e.g., retaliatory tariffs and export restrictions) imposed by Canada and Mexico on U.S. consumers, small businesses, farmers, and ranchers; and (3) the impact of the threat of tariffs and associated uncertainty with respect to the trade relationship between the United States, Canada, and Mexico on U.S. businesses.

Sponsor

Sen. Alsobrooks, Angela D. [D-MD]

Cosponsors (18)

Sen. Wyden, Ron [D-OR], Sen. Coons, Christopher A. [D-DE], Sen. Cortez Masto, Catherine [D-NV], Sen. Kaine, Tim [D-VA], Sen. Shaheen, Jeanne [D-NH], Sen. Blunt Rochester, Lisa [D-DE], Sen. Rosen, Jacky [D-NV], Sen. Bennet, Michael F. [D-CO], Sen. Schatz, Brian [D-HI], Sen. Van Hollen, Chris [D-MD], Sen. Warner, Mark R. [D-VA], Sen. Blumenthal, Richard [D-CT], Sen. Murphy, Christopher [D-CT], Sen. Welch, Peter [D-VT], Sen. Schiff, Adam B. [D-CA], Sen. Kim, Andy [D-NJ], Sen. Klobuchar, Amy [D-MN], Sen. Lujan, Ben Ray [D-NM]

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