Trade Expansion Act

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The Trade Expansion Act of 1962 (Pub.L. 87–794, 76 Stat. 872, enacted October 11, 1962, 19 U.S.C. § 1801) is an American trade law.

History

Congress granted the White House 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.[1]

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.[2][3][4][5][6]

References

  1. ^ 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. Retrieved April 27, 2017. 
  2. ^ 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. Retrieved April 27, 2017. 
  3. ^ Korte, Gregory (April 27, 2017). "Ordering national security investigation, Trump could block aluminum imports". USA Today. McLean, Virginia: Gannett Company. Retrieved April 27, 2017. 
  4. ^ Lawder, David (April 27, 2017). "U.S. launches national security probe into aluminum imports". Reuters. Canary Wharf, London: Thomson Reuters. Retrieved April 27, 2017. 
  5. ^ 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. 
  6. ^ 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. 
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