United News International (UNI) – On Thursday, July 26, the U.S. Senate unanimously passed a bill cutting tariffs on imported goods.
The bill cuts or eliminates import tariffs on over 1,500 items including toasters and chemicals — reportedly half produced in China.
The National Association of Manufacturers, which lobbied for the legislation, said these items cost American business $1 million per day on import tariffs.
The bill comes at a time of trade tensions between the U.S. and China, with both countries recently announcing import duties on each other’s goods.
Democratic Senator Ron Wyden said the bill will “boost the competitiveness of U.S. manufacturers,” while Republican Senator Orrin Hatch said it “will help American companies across the globe.”
Congress still needs to hammer out details before the House votes and sends it to President Donald Trump’s desk to sign.