Congress is acting to overturn a court ruling and confirm the Commerce Department’s authority to impose tariffs aimed at countering trade practices of China and other countries the U.S. considers unfair.
The Senate, in a voice vote Monday, clarified that the government has the right, under World Trade Organization rules, to take action against countries such as China and Vietnam that have yet to adopt fully market economies and still heavily subsidize some exports.
Read more at Official Wire. By Jim Abrams, AP.
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.