Congress Approves Punitive Tariffs Against China

China 300x199 Congress Approves Punitive Tariffs Against China

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.

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