Bill > S959

This bill, called the Tariff Transparency Act of 2025, requires the United States International Trade Commission (USITC) to conduct a comprehensive investigation and submit a detailed report to Congress about the economic impacts of proposed duties on imports from Mexico and Canada. The investigation must analyze the price effects on consumer goods across multiple categories including food, energy, critical minerals, vehicles, housing, medical goods, apparel, electronics, and farming inputs, as well as examine the broader economic consequences of trade uncertainty. The report must provide both quantitative and qualitative assessments of how proposed 25% and 10% tariffs, and potential retaliatory measures by Mexico and Canada, would affect consumer prices, small businesses, farmers, ranchers, and overall business activities such as investment, job creation, contract stability, and producer prices. The USITC is required to complete and submit this report within one year of the Act's enactment, while ensuring that any confidential business information is removed from the final document. The bill aims to provide transparency and clear economic analysis of the potential trade disruptions and tariff impacts between the United States, Mexico, and Canada.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/959/all-info