Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Secure Trade Act imposes a 10% additional tariff on all imports entering the United States immediately upon enactment, with much steeper duties specifically targeting Chinese goods, ranging from 35% to 100% depending on whether items are strategic or non-strategic and phased in over five years. The bill gives the President flexibility to establish tariff-rate quotas for items imported exclusively from China, waive requirements if deemed in the national interest, or increase tariffs further to address import dependence and unfair trade practices. The legislation also requires Chinese imports to be valued using U.S. market prices rather than alternative methods, with importers submitting valuations to U.S. Customs and Border Protection for verification. Additionally, the bill expands federal authority to review and restrict significant foreign investments in U.S. real estate and factories, particularly from governments of concern like China, requiring mandatory filing declarations for such transactions. Overall, the bill significantly reshapes U.S. trade policy to reduce reliance on imports—especially from China—while strengthening scrutiny of foreign investment in sensitive American assets.
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