118th Congress · SENATE BILLBILL

S. 1537 — Raising Tariffs on Imports from China Act of 2023

“A bill to require the imposition of additional duties with respect to articles imported from the People's Republic of China until trade between the United States and the People's Republic of China comes into balance.”

Foreign trade and international finance

Introduced May 10, 2023

Last action May 10, 2023

Pipeline · Bill → Law

Step 1

Introduced

May 10, 2023

Step 2

Referred

May 10, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill directs the President to annually calculate and publish in the Federal Register (1) the total value of articles imported into the United States from China, and (2) the total value of articles exported from the United States to China. If the total value of articles imported into the United States from China exceeds the total value of articles exported from the United States to China for the preceding year, then the President must impose a 25% ad valorem duty on each article imported from China. These additional duties must continue until the total value of articles imported from China is equal to or less than the total value of articles exported to China for the preceding calendar...

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

May 10, 2023

Introduced in Senate

May 10, 2023

Read twice and referred to the Committee on Finance.