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Trade Act of 1974; Long title: An Act to promote the development of an open, nondiscriminatory, and fair world economic system, to stimulate fair and free competition between the United States and foreign nations, to foster the economic growth of, and full employment in, the United States, and for other purposes.
The Jackson–Vanik amendment to the Trade Act of 1974 is a 1974 provision in United States federal law intended to affect U.S. trade relations with countries with non-market economies (originally, countries of the Soviet Bloc) that restrict freedom of Jewish emigration and other human rights.
The affected trade does not have to be connected to the ongoing war. Since 1974, the Trade Act of 1974 allows the president to impose a 15% tariff for 150 days if there is "an adverse impact on national security from imports." After 150 days, the tariff expires unless extended by Congress.
But trade lawyers say the White House has some authority to act independently of Capitol Hill, thanks to specific powers granted by the Trade Expansion Act of 1962, the Trade Act of 1974 and the ...
US law authorizing retaliation against violations of trade agreements Section 301 of the U.S. Trade Act of 1974 (Pub. L. 93–618, 19 U.S.C. § 2411, last amended March 23, 2018) authorizes the President to take all appropriate action, including tariff-based and non-tariff-based retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an ...
Renamed the trade promotion authority (TPA) in 2002, the TPA was an impermanent power granted by Congress to the President. It remained in effect from 1975 to 1994, pursuant to the Trade Act of 1974 and from 2002 to 2007 pursuant to the Trade Act of 2002. Although it technically expired in July 2007, it remained in effect for agreements that ...
Instead, tariffs should be legitimately implemented under more specific conditions and for more specific purposes, such as those specified in Sections 201 and 301 of the Trade Act of 1974, and ...
The Trade Agreements Act of 1979 (TAA), Pub. L. 96–39, 93 Stat. 144, enacted July 26, 1979, codified at 19 U.S.C. ch. 13 (19 U.S.C. §§ 2501–2581), is an Act of Congress that governs trade agreements negotiated between the United States and other countries under the Trade Act of 1974.