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The Progressive Policy Institute released a report arguing that Congress should reclaim tariff authority and repeal the administration's tariff decrees. It says the trade-weighted US tariff rate rose from 2.3% in 2024 to 11.0% this fall.
If Congress moved to repeal the tariff decrees, US import costs and trade retaliation risks could ease, though this is only a policy advocacy report and no legislative action has occurred.
progressivepolicy.orgMax SherrillNov 11, 2026After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
