Tariff Transparency Act of 2025

The Tariff Transparency Act of 2025 requires the U.S. International Trade Commission to investigate and report on the economic impacts of tariffs imposed on imports from Mexico and Canada, including the 25% duties on general goods and 10% duties on Canadian energy imports. The report must assess how these tariffs affected consumer prices for everyday items like food, energy, medical goods, and vehicles, as well as the consequences of retaliatory tariffs from Mexico and Canada on U.S. consumers, farmers, and small businesses. It also evaluates how ongoing tariff uncertainty impacts business investment, job creation, and operations across key sectors like manufacturing and agriculture. The Commission must submit this detailed report to Congress within one year of the bill’s enactment, excluding confidential business information.