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Mike Lee Retreats on Free Trade – John McCormack

On January 20, 2017, Republican Sen. Mike Lee of Utah introduced the Global Trade Accountability Act, a bill to subject presidential actions on trade to congressional approval. 

“Congress has ceded far too much law making power to the Executive branch including the power to unilaterally raise tariffs,” Lee said in a statement released shortly after President Donald Trump’s first inauguration. “Sudden hikes in trade barriers could wreak havoc on many small and midsize manufacturers in my home state of Utah that rely on imports and globally connected supply chains. Congress must be involved in any decision that would increase barriers to trade.”

Lee’s aversion to trade wars ran deep. He told me in an interview in January 2017 that his grandfather, a federal Treasury agent known as a T-Man, “used to bemoan the fact that he as a T-Man was involved in the enforcement of the Smoot-Hawley Tariff Act, which he blamed—and many economists have blamed—for creating the set of conditions that led to the Great Depression.”

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