Truth in Tariffs Act

HR 3306, the Truth in Tariffs Act, requires retailers selling goods to U.S. consumers to clearly display the portion of a product's price caused by applicable tariffs (called a "tariff surcharge"). This applies to most retailers but exempts small businesses as defined by the Small Business Act. The Federal Trade Commission (FTC) will enforce this rule, treating violations as unfair or deceptive practices under existing law, with penalties similar to those for other FTC violations. The law takes effect 30 days after enactment, covering tariffs imposed by the President after January 20, 2025.