12:40 PM EDT, 04/07/2025 (MT Newswires) -- President Donald Trump will veto the proposed bipartisan legislation that would limit his ability to impose tariffs on imports, Axios reported Monday, citing a proposed White House statement.

The bill, introduced by Sen. Maria Cantwell, D-Washington, and Sen. Chuck Grassley, R-Iowa, would significantly scale back the president's authority of unilaterally imposing tariffs.

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