A joint resolution terminating the national emergency declared to impose global tariffs.
Description
This resolution would terminate the April 2025 national emergency declaration that imposed global tariffs and additional import duties.
Summary
What it does
This joint resolution would terminate the national emergency declared by the President on April 2, 2025. By ending this declaration, the resolution proposes to eliminate the 10% tariff previously imposed on most imports to the United States and remove additional duties placed on specific trading partners.
Who is affected
This resolution affects the President of the United States by terminating a specific national emergency declaration and its associated trade authorities. It also impacts international trading partners and entities involved in importing goods to the United States who are currently subject to the 10% general tariff or other additional duties.
Key provisions
- Termination of national emergency. The joint resolution ends the national emergency declared by the President on April 2, 2025.
- Removal of global import tariffs. The resolution terminates the 10% tariff previously imposed on most goods imported into the United States and ends additional duties placed on specific trading partners.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
This joint resolution terminates the national emergency declared on April 2, 2025, effectively ending the underlying authority used to impose a 10% tariff on most imports and additional duties on specific trading partners.
Stated purpose
The purpose of this joint resolution is to terminate the national emergency declared on April 2, 2025, thereby ending the 10% tariff on most imports and the additional duties on specific trading partners imposed under that declaration.