HR4978119th CongressWALLET

Secure Trade Act

Sponsored By: Representative Golden (ME)

Introduced

Summary

A sweeping tariff and trade package that would sharply raise duties on Chinese imports and add quotas, new valuation rules, and expanded investment screening to reduce U.S. dependence and address national security concerns.

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  • Families and shoppers: The bill would add a new uniform 10% ad valorem duty on imports, and set minimum sector floors, including at least 35% for many Chinese‑origin articles.
  • Importers and U.S. businesses: It would revise Harmonized Tariff Schedule rates for Chinese articles, require importers to declare a U.S. market value at entry, and give Customs and the International Trade Commission new roles in inflation adjustments, quotas, and phased rate increases.
  • Investors and national security agencies: It would broaden Committee on Foreign Investment in the United States review to cover foreign real estate and factory projects tied to foreign governments of concern, impose a mandatory declaration for covered deals, and target entities with 5% or greater foreign government interests.

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 0 benefits, 3 costs, 2 mixed.

Higher tariffs and quotas on China

This bill would reset and raise tariff rates on goods from China. Listed “specified” items would be lifted to a 100% tariff after inflation adjustments, with yearly CPI updates starting for entries on or after January 1, 2025. Most increases would phase in: 10% of the total hike after 180 days, 25% after 2 years, 50% after 4 years, and 100% after 5 years. For items only sourced from China, it would set yearly import quotas; amounts above the quota would face a 100% tariff. Many other China goods would face at least a 35% tariff.

New 10% tariff on imports

This bill would add a new 10% tariff on the value of nearly all imported goods. It would be charged on top of any existing duties each year after enactment. The President could cut the 10% for whole sectors, but not to zero, after consulting the House Ways and Means and Senate Finance committees.

New valuation rules for China imports

Imports from China would have to be valued using their “United States value,” meaning the U.S. market price at import time. Importers would need to declare that value at entry. Customs would verify it and could send a revised value to the International Trade Commission if it finds errors. This could raise some duty bills and add paperwork for China shipments.

New reviews for foreign factory land deals

Certain foreign investments that buy or lease U.S. real estate and set up a factory on it would face national‑security review. If the deal could give control to a foreign government of concern or its affiliates, the parties would need to file the mandatory declaration. This would apply to deals proposed or pending on or after enactment.

President could ban some China imports

The President could block imports from China that threaten national security or are made with unfair trade practices or human‑rights abuses. The President would have to issue rules to enforce any ban. If used, this could limit some products but aim to protect security and rights.

Sponsors & CoSponsors

Sponsor

Golden (ME)

ME • D

Cosponsors

  • Steube

    FL • R

    Sponsored 8/15/2025

Roll Call Votes

No roll call votes available for this bill.

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