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Tariffs, semiconductor investment and steelworkers dominate trade questioning; Commerce touts an investment accelerator
Summary
Lawmakers pressed the Commerce secretary on the administration's tariff strategy, semiconductor reshoring and a major steel investment; the secretary described an Investment Accelerator and defended tariffs as leverage to secure market access and reshape supply chains.
Trade policy, tariffs and industrial policy were central topics as members sought to understand how Commerce will support domestic manufacturers, semiconductors and steelworkers while managing the near-term effects of tariffs on prices.
Secretary Lutnick defended the administration's tariffs and trade approach as a tool to bring manufacturing home and to secure supply chains. He said the president's Investment Accelerator has recruited large private commitments and said the administration expects substantial reshoring in semiconductors and other industries, citing an Arizona…
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