Bill requires stores to show tariff costs on price tags—but exempts small businesses.
H.R. 3306 — Truth in Tariffs Act · Filed by Jamie Raskin (D-MD) · 33 cosponsors · Introduced May 8, 2025 · Referred to committee
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What it does
This bill requires most sellers to display to consumers the portion of a product's price attributable to tariffs imposed by the President since January 20, 2025—a 'tariff surcharge' label. Small businesses are exempt. The FTC enforces compliance as an unfair or deceptive practice, with penalties under existing FTC authority. The requirement takes effect 30 days after enactment.
Why we flagged it
The bill's operative mechanism is a mandatory disclosure requirement—sellers must label tariff-driven price increases. This is a transparency/consumer-protection measure, not a tariff policy change or trade regulation.
What the text implies
- Disclosure requirement may prompt retailers to lobby for tariff relief or pass-through pricing, indirectly politicizing tariff policy by making tariff costs visible to voters.
- Small business exemption creates a two-tier disclosure system; consumers buying from small retailers will not see tariff surcharges, potentially creating information asymmetry.
The full analysis lists 4 implications of this text.
Who it affects
Consumers gain transparency about tariff-driven price increases, enabling informed purchasing decisions and public awareness of tariff costs. The disclosure requirement imposes compliance costs on large retailers but does not restrict consumer rights or access to goods.