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To impose additional duties on imports of goods into the United States.
To impose additional duties on imports of goods into the United States.
Summary
This bill requires the President to impose a 10 percent tariff on all imported goods into the United States beginning the calendar year after enactment. Starting in the following year, the tariff rate adjusts annually based on the U.S. trade balance: if the United States has a trade deficit in goods and services, the tariff increases by an additional 5 percent; if the United States has a trade balance or surplus, the tariff decreases by 5 percent. The tariff rate cannot decrease below zero percent. These duties apply on top of any other tariffs or duties already imposed by law on imported goods. The bill gives the President the authority to implement these tariff adjustments without specifying exceptions for particular countries or product categories.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Jared F. Golden’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $22,635
- GREYLOCK PARTNERS $19,404
- BERKSHIRE PARTNERS, LLC $18,140
- BREAKTHRU BEVERAGE GROUP $14,804
- TEXAS CRUDE ENERGY, LLC $14,140
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Jared F. Golden → · Outside spending →
Actions (2)
- Jan 16, 2025 Referred to the House Committee on Ways and Means. · house
- Jan 16, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 16, 2025
Mr. Golden of Maine introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To impose additional duties on imports of goods into the United States.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. IMPOSITION OF ADDITIONAL DUTIES ON IMPORTS OF GOODS INTO THE UNITED STATES.
(a) In General.—The President shall—
(1) impose a duty on imports of any good into the United States in an amount equal to 10 percent ad valorem of the good for each calendar year beginning on or after the date of the enactment of this Act; and
(2) for each calendar year beginning after the calendar year referred to in paragraph (1)—
(A) if the United States has a deficit in the trade of goods and services generally for the immediately preceding calendar year, increase the duty imposed under paragraph (1) on such good by an additional amount equal to 5 percent ad valorem of the good; or
(B) if the United States has a balance or surplus in the trade of goods and services generally for the immediately preceding calendar year, decrease the duty imposed under paragraph (1) on such good by an amount equal to 5 percent ad valorem of the good for each calendar year beginning after the calendar year referred to in paragraph (1), except that the duty imposed under paragraph (1) on such good shall not be reduced below $0.
(b) Duties To Be Considered Additional Duties.—The duty required by subsection (a) with respect to a good is in addition to any other duty imposed by law with respect to the good. <all>
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