The President has established the Countering Economic Coercion Task Force to address coercive economic practices, specifically by countries like China. This Task Force is part of the Executive Office and includes representatives from various government departments. Its mission is to develop strategies to counter such practices, with input from stakeholders, including the private sector and international partners. The Task Force is required to submit multiple reports to Congress over a set timeline, detailing their findings and recommendations.
Simple Explanation
The President made a team called the Countering Economic Coercion Task Force to figure out ways to stop other countries, like China, from using money tricks to hurt the United States. This team will have people from different parts of the government and will talk to businesses and friends from other countries to help make good plans.