U.S. Sen. Rick Scott (R-FL) introduced legislation to grant federal trade authorities expanded power to adjust tariffs on countries that maintain bilateral trade imbalances with the United States. The bill, titled the Trade Deficit Elimination Act of 2026, was cosponsored by Sens. Kevin Cramer (R-ND ) and Tim Sheehy (R-MT). It creates a formal congressional framework […] Florida Sen. Rick Scott Intros Legislation Giving USTR Power To Adjust Tariffs Over Trade Deficits ...read more read less