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USW president: ‘Economic Coercion Act’ would make lowering tariffs too easy

August 12, 2022 at 5:05 PM
A recently proposed bill designed to combat “economic coercion” against U.S. allies would make it too easy for a president to lower duties, according to the United Steelworkers. Sens. Chris Coons (D-DE) and Todd Young (R-IN) last month introduced the “ Countering Economic Coercion Act of 2022 ,” which would allow the president to determine whether a country was being targeted economically by a foreign adversary and, if so, to modify duties and tariff-rate quotas for that trading partner. In...

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