Rep. Duffy introduces the 'Reciprocal Trade Act'

Rep. Sean Duffy (R-WI) on Thursday introduced his controversial bill to expand the president's authority to raise tariffs. The Reciprocal Trade Act , which Duffy said has 18 co-sponsors, would allow the president to impose tariffs on a product-by-product basis. The legislation has White House backing . According to the bill, the president would be able to take certain actions if the rate of duties imposed by a foreign country “is significantly higher” than the U.S. rate on a particular...