US equity markets are facing renewed policy uncertainty as reports indicate Congress is considering legislation that would grant the president significantly expanded authority to impose tariffs.
The proposed measure, detailed in a report by The New York Times, aims to broaden the executive branch's ability to deploy trade barriers, potentially removing existing statutory limits on unilateral tariff actions.
The announcement is expected to build on a temporary 10% global tariff framework already in place, signaling an escalation in the administration's trade strategy.
This development arrives at a critical juncture for trade policy.
President Donald Trump is simultaneously preparing to unveil a new round of tariffs targeting dozens of nations, according to the Financial Times.
The announcement is expected to build on a temporary 10% global tariff framework already in place, signaling an escalation in the administration's trade strategy.
The prospect of enhanced executive power comes amid intensifying domestic legal resistance.