In response to the Trump Administration’s trade actions, Mexico has decided to impose tariffs on $3 billion worth of U.S. agricultural products. As farmers across the U.S. prepare what is ahead, many fear these tariffs will be detrimental to the agricultural industry. Larry Kudlow, White House Chief Economic Adviser, has shared that the President Trump is now preferring to work out separate trade deals with Canada and Mexico.
In a related noted, U.S. Senators Bob Corker (R-Tenn.), Heidi Heitkamp (D-N.D.), Pat Toomey (R-Pa.), Mark Warner (D-Va.), Lamar Alexander (R-Tenn.), Brian Schatz (D-Hawaii), Ron Johnson (R-Wis.), Chris Van Hollen (D-Md.), Mike Lee (R-Utah), Jeff Flake (R-Ariz.), Johnny Isakson (R-Ga.), and Ben Sasse (R-Neb.) have introduced legislation to require congressional approval of tariffs designated under Section 232 of the Trade Expansion Act of 1962.