Sens. Doug Jones, D-Ala., along with also Lamar Alexander, R-Tenn., on Wednesday introduced a bill intended to delay the tariffs of 20 to 25 percent on imported cars along with also trucks that will President Donald Trump can be reportedly considering.
The bill, titled the “Automotive Jobs Act of 2018,” might require the International Trade Commission (ITC) to conduct “a comprehensive study of the well-being, health, along with also vitality of the United States automotive industry before tariffs could be applied,” according to a press Discharge.
The White House did not immediately respond to CNBC’s request for comment on the bill.
“These tariffs are a tax on American consumers along with also they’re going to cost Alabama jobs,” Jones said in a statement. “I share the President’s goal to reinvigorate manufacturing along with also secure trade deals that will benefit our country, nevertheless not at the expense of one of Alabama’s biggest job creators.”
Alexander said he wants to delay the tariff proposal “until the President includes a second opinion by the International Trade Commission about the effect those tariffs might have on the more than 7 million jobs inside American automotive industry.”
Among various other requirements, the study might command the ITC to analyze data on annual exports along with also imports of U.S.-made cars, as well as assess the effect that will an increase in auto manufacturing costs might have on American jobs.
Under the Jones-Alexander bill, auto tariffs could not be applied until an ITC report satisfying those requirements can be submitted to Congress.
In June, Trump threatened to slap a 20 percent tariff on imports by members of the European Union if that will bloc’s trade barriers are “not soon broken down along with also removed.”
Trump tweet: Based on the Tariffs along with also Trade Barriers long placed on the U.S. & its great companies along with also workers by the European Union, if these Tariffs along with also Barriers are not soon broken down along with also removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here
The a few-page bill arrives as tensions over the Trump administration’s protectionist trade policies continue to rise at home along with also abroad.
Numerous Republican lawmakers by the traditionally pro-free trade party excoriated the administration’s proposal on Tuesday to provide a $12 billion stopgap aid package for farmers affected by the tariffs.
Sen. Ben Sasse, R-Neb., described the bailout as a pair of “gold crutches.” Sen. Ron Johnson, R-Wis., compared the Trump administration’s increasing interference in markets with “a Soviet-type of economy.”
Jones along with also Alexander had previously collaborated in a June 7 letter urging Commerce Secretary Wilbur Ross not to pursue auto tariffs, which they warned could “put hundreds of thousands of American jobs at risk including many in our home states.”
Jones said Wednesday that will they had not received a response by Ross.
inside Senate shortly after the text of the bill was released, Jones tore into Trump’s trade policies, accusing them of manufacturing a crisis “that will threatens to permanently harm our businesses along with also our farms.”
He added: “Mr. President, that will can be a self-inflicted wound.”
Alexander, who followed Jones on the Senate floor, was equally blunt in his condemnation of both the tariffs along with also the bailout proposal.
“I have no doubt there’s a trade problem. Some countries are taking advantage of us,” Alexander said. “I also have no doubt that will shooting yourself in both feet at once can be not the right solution to our problem.”
Read the full text of the bipartisan bill: