r/politics • u/sweatycat New York • 20h ago
California to Negotiate Trade With Other Countries to Bypass Trump Tariffs
https://www.newsweek.com/california-newsom-trade-trump-tariffs-2055414
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r/politics • u/sweatycat New York • 20h ago
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u/BongRipsForNips69 17h ago
Congress increasingly took a less active role in levying tariffs directly, especially after the 16th Amendment’s ratification in 1913 led to a federal income tax that replaced tariffs as a main source of federal government revenue. In 1934, Congress passed the Reciprocal Trade Agreements Act, which gave President Franklin Roosevelt the ability to change tariffs rates by 50% and negotiate bilateral trade agreements without additional approval from Congress. Since then, the president has mostly controlled and executed tariffs policies as defined by Congress.