Part 5/7:
A recent report from the KO Institute emphasizes the urgency in addressing this power shift. The proposed Global Trade Accountability Act aims to restore the original framework by requiring Congressional approval for any tariffs imposed by the president. If passed, this legislation could significantly alter our current approach to trade policy and protect against unilateral executive action.
However, passing such an act will not be easy. It requires robust support amid political divisions, but its necessity cannot be ignored. Without action from Congress, the U.S. risks incurring enormous economic harm domestically and may jeopardize its relationships with nations globally.