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Trade Act of 1974
(redirected from Trade Act)

   Also found in: Wikipedia 0.03 sec.
Trade Act of 1974
Legislation in the United States that gave the president the authority to negotiate trade agreements with other countries with relatively little interference from Congress. Specifically, Congress could disapprove of a trade agreement but could not amend it. It also allowed the president to impose trade barriers unilaterally against countries found to engage in unfair trade practices. The act expired in 1994. See also: Trade Act of 2002.


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Eleven days later, the commission voted to recommend three years of duties on Chinese tires under the Trade Act -- tariffs of 55 percent on the value of the tires in the first year, 45 percent in the second year and 35 percent in the third year.
Eleven days later, the commission voted to recommend three years of duties on Chinese tires under the Trade Act -- tariffs of 55 percent on the value of the tires in the first year, 45 percent in the second year and 35 percent in the third year.
Eleven days later, the commission voted to recommend three years of duties on Chinese tires under the Trade Act -- tariffs of 55 percent on the value of the tires in the first year, 45 percent in the second year and 35 percent in the third year.
 
 
 
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