Trade Expansion Act

Multi tool use
Multi tool use




The 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.


Section 232 of the Act under certain circumstances allows the President to impose tariffs based on a recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to threaten or impair the national security."[1] This section has rarely been used,[1] It was used in 1979 and 1982. It had not been invoked since the creation of the World Trade Organization in 1995,[2] until it was invoked by President Trump on March 8, 2018, to impose tariffs on steel and aluminum.



History


In 1962, Congress granted the President of the United States unprecedented authority to negotiate tariff reductions of up to 80%. It paved the way for the Kennedy Round of General Agreement on Tariffs and Trade (GATT) negotiations, concluding on June 30, 1967, the last day before expiration of the Act.[3]


On April 27, 2017, President Donald Trump ordered a review of the aluminum imports and threats to national security under the Trade Expansion Act of 1962.[4][5][6][7][8] On March 8, 2018, President Trump signed an order to impose the tariffs on steel and aluminum under Section 232 of the Act and citing "national security" grounds.[9]



See also



  • Trade Act of 1974

  • Smoot-Hawley Tariff Act



References





  1. ^ ab Shannon Togawa Mercer & Matthew Kahn, America Trades Down: The Legal Consequences of President Trump's Tariffs, Lawfare (March 13, 2018).


  2. ^ Tom Miles, Trump's extraordinary tariffs, Reuters (March 5, 2018).


  3. ^ Rehm, John B. (April 1968). "Developments in the law and institutions of international economic relations: the Kennedy Round of Trade Negotiations". The American Journal of International Law. American Society of International Law. 62 (2): 403–434. JSTOR 2196880..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output q{quotes:"""""""'""'"}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  4. ^ Office of the Press Secretary (April 27, 2017). "Presidential Memorandum on the Aluminum Imports and Threats to National Security under the Trade Expansion Act of 1962". whitehouse.gov. Washington, D.C.: White House. Archived from the original on 2017-04-28. Retrieved April 27, 2017.


  5. ^ Korte, Gregory (April 27, 2017). "Ordering national security investigation, Trump could block aluminum imports". USA Today. McLean, Virginia: Gannett Company. Retrieved April 27, 2017.


  6. ^ Lawder, David (April 27, 2017). "U.S. launches national security probe into aluminum imports". Reuters. Canary Wharf, London: Thomson Reuters. Retrieved April 27, 2017.


  7. ^ Colvin, Jill; Wiseman, Paul (April 27, 2017). "Trump to order aluminum imports investigation". ABC News. New York City: ABC. Associated Press. Retrieved April 27, 2017.


  8. ^ Palmer, Doug; Nussbaum, Matthew (April 27, 2017). "Trump puts aluminum imports in 'national security' crosshairs". Politico. Arlington County, Virginia: Capitol News Company. Retrieved April 27, 2017.


  9. ^ Scott Horsley, Trump Formally Orders Tariffs on Steel, Aluminum Imports, All Things Considered (March 8, 2018).













MKHl9jiQBGqC1Mk9JP16Ha0TpO,R kVwc,Nkghahbno,QOt6k
-
z0RCjqx7JyN tYmPJvH4EFzmtpkluVcdxtyTRXGoT5g6gw U0ydubn,4QWFRRDsM hlb2rLkmXaF2JNgJfDZEaSZM8SciSku P0O5m

Popular posts from this blog

Steve Gadd

Image
For other people named Steve Gadd, see Steve Gadd (disambiguation). Steve Gadd Gadd at Bodø Jazz Open, 2014 Background information Birth name Stephen Kendall Gadd Born ( 1945-04-09 ) April 9, 1945 (age 73) Irondequoit, New York, U.S. Genres Jazz post-bop jazz fusion rock blues R&B Occupation(s) Musician, drummer, percussionist and session musician Instruments Drums, percussion Years active 1968–present Website www.drstevegadd.com Stephen Kendall Gadd (born April 9, 1945 [1] ) is an American drummer, percussionist, and session musician. Gadd is one of the most well-known and highly regarded session and studio drummers in the industry, recognized by his induction into the Modern Drummer Hall of Fame in 1984. [2] Gadd's performance on Paul Simon's "50 Ways to Leave Your Lover" and Steely Dan's "Aja" are examples of his style. He has worked with popular musicians from many genres including Simon ...
Read more

Подольск

Image
У этого термина существуют и другие значения, см. Подольск (значения) . Не следует путать с Подольском  — городом в Одесской области Украины. Город Подольск Флаг Герб 55°25′47″ с. ш. 37°32′40″ в. д. H G Я O Страна Россия   Россия Субъект Федерации Московская область Городской округ Подольск Глава Николай Игоревич Пестов История и география Основан 1627 [2] Первое упоминание 1559 Город с 1781 года Площадь 40,39 км² Высота центра 160 м Тип климата умеренно-континентальный Часовой пояс UTC+3 Население Население ↗ 302 831 [1]  человек ( 2018 ) Плотность 7497,67 чел./км² Национальности русские и другие Конфессии Православные христиане Этнохороним подольча́не, подольча́нин, подольча́нка Цифровые идентификаторы Телефонный код +7 4967 Почтовые индексы 142100—142134 Код ОКАТО 46 460 Код ОКТМО 46 760 000 001 Прочее Карта города Карта Н...
Read more

Simulcast

For the Canadian regulation, see Simultaneous substitution. For an online release of broadcast programme, see Digital distribution. Simulcast (a portmanteau of simultaneous broadcast) is the broadcasting of programs or events across more than one medium, or more than one service on the same medium, at exactly the same time (that is, simultaneously). For example, Absolute Radio is simulcast on both AM and on satellite radio. [1] [2] Likewise, the BBC's Prom concerts were formerly simulcast on both BBC Radio 3 and BBC Television. Another application is the transmission of the original-language soundtrack of movies or TV series over local or Internet radio, with the television broadcast having been dubbed into a local language. Contents 1 Early radio simulcasts 2 Simulcasting to provide stereo sound for TV broadcasts 3 Other uses 3.1 Simulcasting of sporting events 4 See also 5 References Early radio simulcasts Before launching stereo rad...
Read more