This is quite the change. I'm excited to see how it plays out. The one thing that bothers me is that the recommendations of the employee councils are not binding, but it's far better than not having it at all. Hopefully in practice any company that goes against employee desires will be penalized in some tangible way.
The way I see it is that at least 4% of the workforce will have a say in how the companies are run, and those 4% will be elected by the other 95%. Good law, will probably be popular.
I assume this is an attempt to re-shore manufacturing, especially if as many of us expect, many countries choose to take the tarrif hit so that they can keep trading in their own currency between eachother.
It's a strategic bet, bring home some manufacturing while hurting those who defy the empire. It'll certainly reduce the availability of certain goods in the US as countries choose other markets. This likely would help to encourage some level of reshoring, or at least increase pressure from the ruling class to force more coups of other countries to force them back onto the dollar system.
Whether this will backfire or not will is something that is very hard to predict.