Is there something non-euvoluntary about trade with foreign businesses? If the issue is on uncompensated externalities, why does China form a special class? Why not also assign this new agency the power to prosecute technological improvements as well? After all, improvements to production processes shift patterns of production and trade as surely as exchanging goods manufactured abroad.
I'm also sort of interested in the statutory authority of this agency. Unless I'm badly mistaken, tariffs and import duties and the like are controlled by Congress. The AP report is light on specifics. As soon as I get a look at the agency's charter, I will post follow-up commentary.