US President Donald Trump on April 2 announced reciprocal tariffs on US trading partners, including 20 percent on goods from the European Union, a move that some experts fear will set off a trade war and cause the world’s economy to tank.
However, it doesn’t talk about spending. As far as I understand it, congress decides how taxes are spent. If tariffs are spent by the president then Trump has a budget that congress doesn’t control, unless they change the law.
Apparently Congress delegated those powers to the executive branch, which means it could take them back, but it won’t, at least not until after the next election. How Congress delegates its tariff powers to the president
That’s an excellent article, thank you.
However, it doesn’t talk about spending. As far as I understand it, congress decides how taxes are spent. If tariffs are spent by the president then Trump has a budget that congress doesn’t control, unless they change the law.