Asian markets drop further as IMF warns Trump tariffs a significant risk' to global economy business live
Briefly

On Thursday, bipartisan legislation known as the Trade Review Act of 2025 was introduced to curb presidential authority over tariffs in light of Trump's recent tariff announcements. Sponsored by Senators Chuck Grassley and Maria Cantwell, the act requires presidential notification and justification to Congress, stipulating that new tariffs can only remain in effect if Congress approves within 60 days. Additionally, Republican senators have begun voicing opposition to Trump's tariffs, evidenced by a recent resolution voting against the tariffs on Canadian products, reflecting significant party dissent amid economic concerns.
The Trade Review Act of 2025 requires the president to notify Congress of new tariffs, providing justification and impact analysis, with Congress needing to approve tariffs.
A growing number of Republican senators expressed their discontent over Trump's tariffs by voting for a Senate resolution to reverse the 25% tariffs on Canadian goods.
Read at www.theguardian.com
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