The bipartisan bill would limit Trump to tariffs

As markets around the world collapsed and other countries planned reprisals in reaction to the radical tariffs of President Donald Trump, Republican Senator Chuck Grassley and Democrat Maria Cantwell introduced the bipartisan legislation on Thursday that would require Congress to approve the new tariffs.

And the Democrats of the House of Representatives are preparing to try to force a vote to finish tariffs.

The reaction to the tariffs and their consequences were predictably divided along the lines of the party in Capitol Hill, although some Republicans said they were concerned about how the markets reacted.

The Senate bill would require the President notifying Congress on the new tariffs within 48 hours and that Congress acts to approve those rates within 60 days.

It is not clear if the bill would have the support you must approve. But there is less than a day after four Republicans voted with the Democrats to approve a resolution that would block Trump’s tariffs in Canadian products.

Cantwell said that her and Grassley’s bill comes at a time when Congress should “reaffirm our constitutional duties.” She said it was modeled after the resolution of the 1973 war powers and that “it would restore the limits of the president’s authority”, specifically in relation to the imposition of tariffs without the approval of the congress.

“The Congress in the War Powers Law decided to claim their authority because they thought a president had overwhelmed,” Cantwell said.

Cantwell and Grassley serve in the Senate Finance Committee. Grassley, a former president, has advised for a long time to restore the role of Congress in commercial policy.

In the Chamber, the National Emergency Law that Trump used to impose new tariffs allows Congress to vote on a disapproval resolution that would effectively cancel them. The Congress will have to vote within 15 days that Trump notifies the Congress of the New Declaration, told ABC News to ABC News.

While Republicans could approve a new measure to prevent Congress from stopping Trump’s policies, Democrats believe that Republicans would pay a greater political price.

“Any change of rules will be a vote that supports the president’s tariffs,” said a ABC News Democratic assistant.

The leader of the Senate minority, Chuck Schumer, described the rates in one of the “most silly” decisions that Trump has taken as president, “and that is to say something.”

“Donald Trump has created a financial forest fire,” Schumer said on the Senate floor.

Schumer asked President Mike Johnson to call the camera again to take a resolution passed by the Senate that would block tariffs on Canadian goods. Republicans Susan Collins, Mitch McConnell, Lisa Murkowski and Rand Paul voted with the Democrats on Wednesday to approve the bill that Paul was co -author with Democrat Tim Kaine.

McConnell said on Thursday “trade wars with our partners damage more to working people.”

When asked if Trump had made the correct movement, Republican Senator Mike Rounds from Dakota del Sur said: “We will discover it.”

“The only thing we know is that the president was very clear that he thinks there should be fair trade agreements with our partners, our friends and our allies,” Rounds said. “This is your first step. Discover how they respond.”

The Senator of the North Dakota Republican Party, Kevin Cramer, said he felt comfortable where his voters were standing at Trump’s rates.

“My own components voted for this,” he said. “It is not that Donald Trump surprises anyone: he has pointed out his strong support for tariffs from the beginning, he has exercised it in the past, and with that he obtained 66 percent of the votes in Dakota del Norte, so with this promise they trusted him. Then, yes, I am comfortable with my constituents in him.”

And although he said he was worried about how the markets reacted, Kramer said that longer trends will be more revealing.

“Well, you know that the market is emotional, it has always been,” Kramer said. “I never look at the market and see a trend, so you know, we see, but I hope that, as I said, find a background and then begin to find a roof much later.”

Democratic Senator Chris Coans of Rhode Island described the “crazy” tariffs and said the launch was “another thing that is incoherent, poorly planned and will have significant consequences.”

Kaine said some Republicans who voted against their resolution on Wednesday told him that he was not wrong, but that they were going to give Trump the benefit of the doubt.

When asked if he thought they could raise the voices as things develop, he said: “I do it, because I think they will listen to their constituents more, stronger and stronger.” They will see that it will not work, and when it does not work, I cannot imagine that they will support them as, you know, the president pushes our economy to a recession. “

-ABC News’ Mariam Khan and Rachel Scott contributed to this report.