Saturday, May 3, 2025

White House Opposes Tariff Oversight Bill, Threatens Veto

Shutterstock

Amid growing public discontent in the U.S. over President Trump’s tariff policies, Trump remains firm in his stance, refusing to relinquish control over tariff authority to Congress.

According to CNBC, the White House Office of Management and Budget (OMB) has expressed strong opposition to a bill currently under review in Congress that would curb the President’s authority on tariffs.

The proposed legislation, known as the 2025 Tariff Review Act, would give Congress the power to approve or revoke new tariffs imposed by President Trump.

Senators Chuck Grassley (Republican-Iowa) and Maria Cantwell (Democratic-Washington) are among the bipartisan group of lawmakers supporting the bill.

However, the OMB has made it clear that it strongly opposes the measure, stating it would severely limit the President’s ability to respond to national emergencies and foreign threats.

The OMB also stated unequivocally that President Trump will veto the bill if it passes Congress.

This is not the first time Trump has vowed to use his veto power against similar legislation. He previously threatened to veto a bill repealing tariffs on Canadian imports—a bill that ultimately passed the Senate, aided by the defection of four Republican senators.

Hot this week

Teens Are Hitting Their Faces With Hammers—All for ‘Views’ and ‘Beauty’

A dangerous trend called looksmaxxing is emerging, where teens harm themselves to enhance appearance, fueled by social media influencers.

A 40cm Rod Went Through the Face—and He Lived to Tell the Story

A drunk man fell onto a table, impaling his head with a metal rod. After 10-hour surgery, he survived but lost sight in one eye.

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

Six Days, Three Indexes, One Auto-Fueled Rally

U.S. stock market rises on optimism for a U.S.-India trade deal, with automotive stocks leading gains amid tariff adjustments.

WTI Falls Below $61 as Global Demand Fears Intensify

International oil prices dropped significantly due to U.S.-China trade tensions, with Brent and WTI benchmarks falling sharply.

Topics

Teens Are Hitting Their Faces With Hammers—All for ‘Views’ and ‘Beauty’

A dangerous trend called looksmaxxing is emerging, where teens harm themselves to enhance appearance, fueled by social media influencers.

A 40cm Rod Went Through the Face—and He Lived to Tell the Story

A drunk man fell onto a table, impaling his head with a metal rod. After 10-hour surgery, he survived but lost sight in one eye.

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

Six Days, Three Indexes, One Auto-Fueled Rally

U.S. stock market rises on optimism for a U.S.-India trade deal, with automotive stocks leading gains amid tariff adjustments.

WTI Falls Below $61 as Global Demand Fears Intensify

International oil prices dropped significantly due to U.S.-China trade tensions, with Brent and WTI benchmarks falling sharply.

‘Mercy or Mayhem?’ Australia Slammed for Culling Starving Koalas by Air

Victoria's government faces backlash for euthanizing over 700 koalas affected by wildfires, citing suffering and habitat loss.

Wall Street Rallies, But Cracks Appear in Big Tech Stocks

U.S. stocks ended mixed, with Nasdaq down 0.10% while Dow and S&P500 rose for five consecutive days, highlighting market volatility.

From Rally to Retreat: Oil Tumbles on China’s Cold Shoulder

Oil prices fell sharply as trade talks between China and the U.S. stalled, with Brent crude dropping to $65.86 per barrel.

Related Articles