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Bookmark or Share- Section 232 of the Trade Expansion Act: What It is, How It WorksSection 232 of the Trade Expansion Act of 1962 authorizes the president of the United States to modify imports of goods and services based on a determination of threat to national security.
- Trade Expansion Act - WikipediaThe Trade Expansion Act of 1962 (Pub. L. 87–794, 76 Stat. 872, enacted October 11, 1962, codified at 19 U.S.C. ch. 7) is an American trade law. [1] Section 232 of the act permits the president to impose tariffs based on a recommendation by the U.S. secretary of commerce if "an article is being imported into the United States in such ...
- Trade Expansion Act | United States [1962] | BritannicaThe act authorized tariff reductions of up to 50 percent, subject to reciprocal concessions from the European partners. This marked a fundamental shift away from the traditional protectionist posture of the United States and led to the Kennedy Round negotiations…
- Full text of Trade Expansion Act of 1962 | Title - FRASER(a) Whenever unjustifiable foreign import restrictions impair the value of tariff commitments made to the United States, oppress the commerce of the United States, or prevent the expansion of trade on a mutually advantageous basis, the President shall— (1) take all appropriate and feasible steps within his power to eliminate such restrictions ...
- Trade Expansion Act of 1962 - Curtis, Mallet-Prevost, Colt & Mosle LLPWhat did the Trade Expansion Act of 1962 do? The Trade Expansion Act of 1962 provided the President of the United States of America with new authority to cut (or impose) international trade tariffs. The ability to cut tariffs was only applicable for five years, while most of the rest of the legislation became a permanent feature of United ...
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