118th Congress Foreign Trade and International Finance
S. 1537: Raising Tariffs on Imports from China Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill directs the President to annually calculate and publish in the Federal Register (1) the total value of articles imported into the United States from China, and (2) the total value of articles exported from the United States to China.
If the total value of articles imported into the United States from China exceeds the total value of articles exported from the United States to China for the preceding year, then the President must impose a 25% ad valorem duty on each article imported from China. These additional duties must continue until the total value of articles imported from China is equal to or less than the total value of articles exported to China for the preceding calendar year.
Written by the Congressional Research Service, Library of Congress.
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History
- Introduced in the Senate by Joshua Hawley.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.