Toll of Tariffs Act of 2025

Aug 12, 2025

Summary

Tells the U.S. International Trade Commission to study how tariffs from recent executive orders have changed prices for everyday people.

What problem does this solve?

The government has placed new taxes on goods from other countries, and people are worried this makes things more expensive. This bill requires an official study to find out exactly how these taxes, called tariffs, are affecting prices for everyone.

What does this bill do?

Requires a study on tariff inflation

Directs the U.S. International Trade Commission to study the effect on prices caused by tariffs from executive orders issued since January 20, 2025.

Mandates a report to Congress

Requires the Commission to send a report to Congress with the study's findings within 60 days of the bill becoming law.

Specifies reporting on consumer prices

The report must include the tariffs' effects on the Consumer Price Index (CPI-U) and similar measures for non-urban areas.

Who does this affect?

American consumers
Businesses that import goods
Federal policymakers

What is the real world impact?

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Provides data on tariff impacts

Gives Congress and the public clear information on how recent tariffs affect the prices of goods, helping them make better decisions about trade policy.

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Builds a case against recent tariffs

Could be used to gather official evidence that the President's tariffs are hurting the economy by raising prices, giving opponents a reason to push for their removal.

When does this start?

A report on the findings must be sent to Congress within 60 days after the bill becomes law.