Bill > S295

This bill grants the President certain authorities to combat economic coercion by foreign adversaries against U.S. trading partners. It allows the President to reduce tariffs, provide foreign aid, expedite export licenses, and offer other forms of economic support to trading partners subject to coercion. The bill also allows the President to increase tariffs on goods from foreign adversaries engaged in such coercion. It requires the President to coordinate these actions with U.S. allies and partners to demonstrate broad opposition to economic coercion. The bill also establishes a process for congressional review and approval or disapproval of the President's use of these authorities.

Government Affairs

https://www.congress.gov/bill/118th-congress/senate-bill/295/all-info