Wednesday, September 18, 2019

A rebellion

  • A group of business lobbies — which count Facebook and Ford among their members — has created a new coalition to stop Trump enacting tariffs without approval from Congress.
  • The National Foreign Trade Council (NFTC) said the US relies too heavily on tariffs, which doesn't necessarily benefit the economy as a whole.
  • The NFTC said Congress has the powers to regulate commerce and therefore should "reassert its authority to ensure that tariffs are only used in limited circumstances."

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