Fair Trade Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6991 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 6991

 To impose additional duties on goods imported into the United States.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 8, 2026

Ms. Van Duyne introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
 To impose additional duties on goods imported into the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fair Trade Act of 2026''.

SEC. 2. IMPOSITION OF ADDITIONAL DUTIES ON GOODS IMPORTED INTO UNITED 
              STATES.

    (a) In General.--With respect to goods imported into the United 
States, for each calendar year beginning on or after the date of the 
enactment of this Act, there shall be imposed the following duties:
            (1) 10 percent ad valorem of each good imported from a 
        country with which the United States has a trade surplus.
            (2) 15 percent ad valorem of each good imported from a 
        country with which the United States has a trade deficit.
    (b) Relation to Existing Duties.--Each duty required under 
subsection (a) shall be in addition to any other duty imposed by law 
with respect to the good.
    (c) Reduction of Additional Duties.--
            (1) In general.--Subject to paragraph (2), the President 
        may reduce the percentage requirement in subsection (a) to an 
        amount greater than zero percent with respect to any good if 
        the President determines that such reduction is in the national 
        interest or national security interest of the United States.
            (2) Congressional consultation.--Prior to exercising 
        authority under paragraph (1), the President shall consult with 
        the Committee on Ways and Means of the House of Representatives 
        and the Committee on Finance of the Senate prior to determine 
        whether such exercise of authority is appropriate.
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