Sens. Menendez, Cassidy introduce bill targeting tariffs on ‘goods on the water’

Sens. Bob Menendez (D-NJ) and Bill Cassidy (R-LA) on Thursday introduced legislation that would prevent international goods in transit from being hit with unexpected tariffs. The “For Accurate Import Relief To Aid Retailers and Importers of Foreign Freights Act of 2022,” or “ FAIR TARIFF Act ,” would ensure that the Office of the U.S. Trade Representative provides 60 days’ warning before retaliatory tariffs are imposed on certain imported products from European Union member states. House Ways & Means Committee...