# After Midterm Rebuke, Congress Should Take Back Tariff Power and Repeal Trump's Decrees

> 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.

- Date: 2026-11-11 · published 2026-11-12T06:14:48.597Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/95043-after-midterm-rebuke-congress-should-take-back-tariff-power-and-repeal-trump-s
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-01-22 | [China stocks and renminbi hit by Donald Trump’s 10% tariff threat](https://feedsoft.ai/events/9599-china-stocks-and-renminbi-hit-by-donald-trump-s-10-tariff-threat.md) | -0.8% | +3.8% |
| CORN | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +1.4% | +4.0% |
| CORN | 2018-06-26 | [Corker, Toomey, Flake face uphill battle to check Trump's tariffs](https://feedsoft.ai/events/64520-corker-toomey-flake-face-uphill-battle-to-check-trump-s-tariffs.md) | -2.3% | -3.5% |
| CORN | 2025-01-22 | [China and Hong Kong stocks tumble on Trump's tariff threats](https://feedsoft.ai/events/9600-china-and-hong-kong-stocks-tumble-on-trump-s-tariff-threats.md) | -0.8% | +3.8% |
| CORN | 2018-11-20 | [EPA plans biofuel 'reset' as program misses Congress' targets](https://feedsoft.ai/events/61906-epa-plans-biofuel-reset-as-program-misses-congress-targets.md) | -1.1% | +7.6% |
| SOY | 2025-01-22 | [China stocks and renminbi hit by Donald Trump’s 10% tariff threat](https://feedsoft.ai/events/9599-china-stocks-and-renminbi-hit-by-donald-trump-s-10-tariff-threat.md) | -2.1% | -3.3% |
| SOY | 2017-09-01 | [NBB: RFS Proposal Runs Counter to Congress's Intent; Volumes Should Be Higher - Fuels Market News](https://feedsoft.ai/events/68827-nbb-rfs-proposal-runs-counter-to-congress-s-intent-volumes-should-be-higher.md) | +2.2% | +3.4% |
| SOY | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +0.4% | -1.0% |

## Sources

- progressivepolicy.org: https://www.progressivepolicy.org/after-midterm-rebuke-congress-should-take-back-tariff-power-and-repeal-trumps-decrees/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.