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Floor Speech

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Mr. CRAPO. 2383, the Creating Access to Necessary American- Canadian Duty Adjustments Act, and S. 151, the Protecting Americans from Tax Hikes on Imported Goods Act of 2025.

I agree with my colleagues, who will speak in just a moment, that tariffs should be more targeted to avoid harm to small businesses. I made precisely that point at a hearing in the Finance Committee in May.

Similarly, with less than 2 days to go to the August 1 reciprocal negotiation deadline, I appreciate that my colleagues, as well as our constituents, may be nervous about what comes next. However, at this juncture, these two bills are counterproductive to helping American families and businesses of all sizes.

The President's historic trade negotiations are bearing fruit. President Trump already announced new trade deals with major trading partners, including the United Kingdom, Indonesia, Japan, and the European Union. I urge other trading partners to reach a deal by August 1. Consequently, S. 151 and S. 2383 are counterproductive to the progress that President Trump has achieved and is poised to continue achieving in ongoing negotiations with our trading partners.

On April 30, the Senate rejected the IEEPA disapproval resolution on reciprocal tariffs for the same reasons.

For these reasons, I again object.

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