The U.S. must develop tools to help allies around the world counter China's economic coercion.
, as more governments become concerned about the ability of small and mid-size democracies to withstand pressure from an economic juggernaut like China.What's happening:a bill in late February that would give the president new authority to support allies and partners facing politically motivated economic pressure from China or other countries.
The bill would allow the president to seek congressional support to send aid to the targeted country, decrease duties on products from the country affected by economic coercion, increase duties on products from the country engaging in coercion, and other measures.created an inter-agency task force"We've seen for years how the Chinese Communist Party has used coercive tactics," Bera told Axios. "We know China uses these tools, so we should be prepared to use counter tools.
Some U.S. businesses, for example, might be affected if the president were to increase or decrease import duties in order to aid allies and partners facing economic coercion.
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