The Trump administration issued a veto threat against a bipartisan resolution that would restrict President Trump’s ability to continue his tariff plan.
According to the statement of administration policy, obtained by The Daily Caller News Foundation, the White House Office of Management and Budget (OMB) believes Senate Resolution 49 would “undermine U.S. national and economic security.”
“If S.J. Res. 49 were presented to the President, he would veto it,” the OMB declared. The administrative policy further states that the resolution “would signal that the United States is not serious about addressing structural imbalances in the global economy and the conditions giving rise to the threat to the United States’ national security and economy.”
The resolution, led by Democratic Oregon Sen. Ron Wyden and Republican Kentucky Sen. Rand Paul, declares Trump’s national emergency declared on April 2 to be “terminated.”
Trump proclaimed that April 2 was “Liberation Day” for the American economy. The tariff plan introduced a baseline 10% levy on nearly all imported goods. Specific tariffs targeted certain regions: 20% on European Union imports, 54% on Chinese goods, and 25% on foreign-made automobiles.
“With today’s action, we are finally going to be able to make America great again, greater than ever before. Jobs and factories will come roaring back into our country, and you see it happening already. We will supercharge our domestic industrial base,” Trump said at the time.
Similarly, a bipartisan bill seeks to rein in Trump’s tariff measures and require Congress to approve new levies.
The legislation states: “Not later than 48 hours after imposing or increasing a duty with respect to an article imported into the United States, the President shall submit to Congress a notification of the imposition of or increase in the duty” that includes an explanation for the duty and an assessment of the duty’s impact.
