S.348

Limits President's authority to impose new tariffs on U.S. allies and free trade agreement partners.

The STABLE Trade Policy Act restricts the President's ability to impose new or additional duties on articles imported from countries that are allies or free trade agreement partners of the United States. A "covered country" includes NATO members, major non-NATO allies, and countries with free trade agreements with the U.S. The President can only impose new duties if Congress approves a joint resolution. The President must submit a detailed request to Congress, including objectives, reasons for tariffs, and economic impact assessments. Expedited procedures apply to the joint resolution.