Klobuchar Introduces New Legislation to Repeal the President’s Latest Tariffs

This press release from Senator Amy Klobuchar (D-MN) was published on 2026-04-21 and titled "Klobuchar Introduces New Legislation to Repeal the President’s Latest Tariffs". It focuses on taxes and touches on the environment, foreign policy.

Klobuchar Introduces New Legislation to Repeal the President’s Latest Tariffs WASHINGTON - U.S. Senator Amy Klobuchar (D-MN) joined Senators Tim Kaine (D-VA) and Raphael Warnock (D-GA) and other colleagues to introduce the Reclaim Trade Powers Act , legislation to end the President-s latest 10 percent tariffs on most goods by repealing Section 122 of the Trade Act of 1974 . After the Supreme Court ruled last month that the President-s tariffs under the International Economic Emergency Powers Act (IEEPA) were illegal, the President invoked Section 122 to impose a 10 percent surcharge on nearly all imports and has announced plans to raise the tariff to 15 percent. This is the first time the authority has been invoked in its 50-year history. "The President-s across-the-board tariffs are raising costs for small businesses, farmers, and families in Minnesota and across the country," said Klobuchar. "Instead of accepting the Supreme Court-s ruling, the Administration is doubling down and fighting to keep these tariffs - which are taxes on Americans and small businesses. This new legislation will repeal the outdated authority the President is trying to rely on to keep his tariffs in place. Our legislation will help bring down costs and put our economy back on track." Companion legislation has also been introduced in the U.S. House of Representatives. Section 122 was created in the 1970s to address balance-of-payments crises under the former gold-based exchange system. After the United States moved to a floating exchange-rate system more than 50 years ago, the circumstances the provision was designed to address effectively disappeared. Klobuchar also cosponsors the Trade Review Act of 2025 , with Senators Maria Cantwell (D-WA) and Chuck Grassley (R-IA) to take back congressional authority over tariffs. It would require that any new tariffs sought to be imposed by the President receive congressional approval within 60 days. ###