Shoppers would pay new taxes on imported goods based on trade with other countries.
This bill would add new taxes, called duties, to goods brought into the U.S. These extra costs would depend on whether the U.S. has a trade surplus or deficit with the country the goods came from. This could mean higher prices for American shoppers on many imported items.
Currently, imported goods have various taxes, but none are specifically tied to whether the U.S. has a trade surplus or deficit with the country they come from. This bill would add new duties of 10 percent or 15 percent based on that trade balance, starting for each calendar year beginning on or after the date it becomes law.
HR 6991 · 119th Congress · January 8, 2026 · AI Summary by gemini-2.5-flash · 10/10
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