10/30/2025 | Press release | Distributed by Public on 10/30/2025 13:31
Washington, D.C. - Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today applauded the Senate passage of his bipartisan resolution to repeal Donald Trump's global tariffs and restore congressional authority over trade.
Wyden led the resolution with Sen. Rand Paul, R-Ky. It was cosponsored by Senate Minority Leader Charles Schumer, D-N.Y., and Sens. Tim Kaine, D-Va., Jeanne Shaheen, D-N.H., Elizabeth Warren, D-Mass., and Peter Welch, D-Vt.
The binding measure would terminate the emergency that Trump declared to slap tariffs of up to 40% on products Americans buy from other countries. In the wake of Trump's tariff declaration, costs have increased, manufacturers have laid off thousands of workers and halted domestic investments, and foreign countries have sharply cut purchases of American agricultural exports.
The resolution, along with the similar resolutions to repeal the tariffs on products Americans buy from Canada and Brazil, next heads to the House.
"For the third day in a row, bipartisan senators have made it clear that it's time to put a stake in the heart of Donald Trump's job-killing trade taxes," Wyden said. "These three Senate-passed bills are now pending in the House, where Speaker Johnson has done everything in his power to ensure they won't get a vote. Every time Americans pay more for their TV, groceries or car payment they're going to know it's because House Republicans were too afraid to vote to protect them. I'll continue working with my colleagues to give Republicans opportunities to put their constituents ahead of blind loyalty to Donald Trump."
"This week, the Senate sent a strong message to the administration: Trump's erratic tariffs and irrational trade war is an illegal tax driving up costs on the American people," Leader Schumer said. "Congressional authority must be reasserted over trade. The livelihood of the American people and small businesses are at stake. I urge the House to drop their fealty to Trump, stand up for the American people, and pass the repeal of these damaging global tariffs."
"President Trump's broad-based global tariffs-the largest tax increase in a generation-are making prices go up for Virginia families and creating uncertainty that hurts our businesses," Kaine said. "With the holidays right around the corner, the harm created by these new taxes is only going to get worse. I'm glad the Senate fulfilled its constitutional duty to weigh in on matters of taxation by voting to undo them. If the House fails to take up this legislation, it will show that Republicans are fine with punishing American families and businesses with higher prices, fewer jobs and slower growth."
"It is past time to end this so-called 'national emergency' that has increased prices for families and businesses alike through an unprecedented tariff tax on Americans," Shaheen said, ranking member of the Senate Foreign Relations Committee. "The President does not have the authority to unilaterally hike taxes on Americans, throw our trade system and manufacturers into disarray and raise prices on household goods."
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