H.R. 4962: Toll of Tariffs Act of 2025

The Toll of Tariffs Act of 2025 is a proposed piece of legislation that mandates the United States International Trade Commission (USITC) to conduct a study examining the impact of tariffs that were imposed through Executive orders starting from January 20, 2025, until the enactment of the Act. The primary focus of this study is to assess how these tariffs have contributed to inflation in the United States, specifically looking at their effects on consumer prices.

Key Components of the Bill

• Study Assignment: The USITC is required to carry out detailed research on the inflationary effects of the specified tariffs.
• Deadline for Report: The Commission must submit its findings to Congress within 60 days after the bill becomes law.
• Consumer Price Index Analysis: The report will include an analysis of the effects of these tariffs on the Consumer Price Index for All Urban Consumers (CPI-U) as well as other metrics that track price changes in non-urban areas, as provided by the Bureau of Labor Statistics.

Objective of the Bill

The main objective of this legislation is to provide Congress with transparent and detailed information regarding the relationship between the newly imposed tariffs and inflation. By analyzing the data, the bill aims to inform future policy decisions regarding trade and economic measures.

Overall Impact

This bill seeks to ensure that the economic ramifications of tariffs are understood and documented, particularly in regards to how they affect everyday consumers and overall price levels in the economy. The findings from the study may guide future legislative or executive actions related to tariffs and trade policies.

Relevant Companies

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