S.1364 - Supporting American Allies Act (119th Congress)
Summary
S.1364, the "Supporting American Allies Act," aims to exempt goods imported from Israel and Ukraine from tariffs imposed by an existing Executive Order focused on rectifying trade imbalances. The bill was introduced in the Senate on April 9, 2025, and referred to the Committee on Finance. The Act seeks to provide economic support to these allies by reducing trade barriers.
Expected Effects
If enacted, this bill would lower the cost of goods imported from Israel and Ukraine, potentially increasing trade volume. It could also signal stronger diplomatic support for these nations. However, it might also create complexities in trade policy and potentially affect domestic industries that compete with imports from these countries.
Potential Benefits
- Strengthens economic ties with key allies, Israel and Ukraine.
- Potentially lowers consumer prices on imported goods from these countries.
- Sends a positive signal of support to nations facing economic or security challenges.
- Could lead to increased trade and investment opportunities.
- May encourage other nations to strengthen ties with the US.
Potential Disadvantages
- Could negatively impact domestic industries that compete with Israeli and Ukrainian imports.
- May complicate trade negotiations with other countries.
- Could be perceived as unfair by nations not receiving similar tariff exemptions.
- Potential loss of tariff revenue for the US government.
- May set a precedent for other countries to request similar exemptions, weakening the original Executive Order.
Constitutional Alignment
The bill falls under Congress's power to regulate commerce with foreign nations, as granted by Article I, Section 8, Clause 3 of the Constitution. The act of exempting specific countries from tariffs is a form of regulating commerce. The bill does not appear to infringe on any other constitutional provisions or amendments.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).