Purposes

The purposes of this Act are— (1) to preserve tariffs as an instrument of United States trade and national-security policy; (2) to recognize that the costs associated with tariffs and foreign retaliation may fall disproportionately on particular United States manufacturers, farmers, workers, industries, and regions; (3) to prevent otherwise competitive United States businesses from reducing production, delaying investment, relocating production outside the United States, or eliminating United States jobs solely because of extraordinary tariff-related costs; (4) to dedicate a portion of tariff revenue to strengthening United States productive capacity; (5) to provide targeted, temporary assistance to United States businesses that demonstrate actual tariff-related economic injury; (6) to reward businesses that maintain United States employment, expand domestic production, reshore supply chains, and invest in United States facilities; and (7) to ensure that tariff relief strengthens United States industry rather than subsidizing foreign production.