• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

House Dems threaten to block Trump’s big tariff plans: ‘Unacceptable’

by January 17, 2025
written by January 17, 2025

House Democrats are trying to block President-elect Donald Trump from implementing his wide-ranging tariff plans just days before he is set to take office.

A new bill led by Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., and backed by 11 other Democrats, would block Trump from using presidential emergency powers to roll out higher import taxes.

During his campaign, Trump promised to levy a 60% tariff on goods from China and as much as 20% on other countries the U.S. trades with.

He most recently pledged on Truth Social to create an ‘External Revenue Service’ to ‘collect our Tariffs, Duties, and all Revenue that come from Foreign sources.’

Trump and his allies have argued that the plan would bolster American manufacturing while making it more difficult for adversaries like China to ‘export their way out of their current economic malaise,’ as Treasury Secretary nominee Scott Bessent told senators this week.

In theory, the commander in chief is able to bypass Congress to impose sweeping tariffs by declaring an emergency under the International Emergency Economic Powers Act.

However, Democrats argue the cost of the tariffs would just be passed on to American consumers.

‘The American people have clearly and consistently said that the high cost of living is one of their top concerns,’ DelBene said in a statement. ‘Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses.’

Beyer said, ‘Trump’s tariff proposals would misuse emergency authorities to raise prices on the American people, which is unacceptable.’

However, not all Democrats have rejected the plan.

Rep. Jared Golden, D-Maine, a moderate Democrat known to often break from his own party, introduced his own bill this week to impose a universal 10% tariff on all imports.

The 10% level would be reassessed each year, with room for a 5% increase or decrease depending on current U.S. economic conditions.

He argued in a statement to the Maine Morning Star, ‘The universal tariff — along with other policies to support domestic energy production, unions and manufacturing — is designed to reorient our economy from one focused on cheap goods and consumption to one centered on production and innovation.’

Fox News Digital reached out to the Trump transition team for comment on both bills.

Related Topics

House Of Representatives Politics
Trump Transition
Trade
Politics

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump, China’s Xi speak on phone ahead of inauguration
next post
Supreme Court upholds looming TikTok ban

related articles

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026

Dem Senate primary erupts in key state as...

April 7, 2026

Trump-backed candidate aims to pad GOP’s fragile House...

April 7, 2026

Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges...

April 7, 2026

White House unleashes on Stacey Abrams in latest...

April 7, 2026

Former Virginia Gov Glenn Youngkin hints at political...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • GOP prepared for pivotal court battles that could decide 2024 election

    November 5, 2024
  • Biden warns of ‘ultra-wealthy’ ‘oligarchy’ despite accepting donations from Dem mega-donors

    January 16, 2025
  • DAX Index stocks to watch in April: Deutsche Bank, Adidas, BASF, and more

    March 31, 2026
  • Possible gunfire breaks out at Trump rally in Pennsylvania

    July 14, 2024
  • Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

    July 25, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (2,027)
  • Stock (1,017)

Latest Posts

  • MIKE DAVIS: The real reason Big Tech is cozying up to Trump 2.0

    February 6, 2025
  • Democrat takeover fears rise as GOP clings to slim House majority

    January 15, 2026
  • Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations

    December 11, 2025

Recent Posts

  • STOXX 600, CAC 40 slide as Trump warns Iran war could drag for weeks

    April 2, 2026
  • Israel slams Palestinian ‘deception scheme’ over claim it halted terror rewards program

    February 11, 2025
  • National Governors Association reportedly cancels meeting with Trump after White House snubs Democrats

    February 10, 2026

Editor’s Pick

  • Here’s why Broadcom stock is rallying on Tuesday

    December 24, 2025
  • Mike Johnson, Marjorie Taylor Greene clash in heated private GOP call over shutdown strategy

    October 28, 2025
  • Gabbard fires ‘deep state’ heads of National Intelligence Council to root out ‘politicization of intel’

    May 13, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock