Trade Act of 1974


Also found in: Wikipedia.

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.
References in periodicals archive ?
Bush imposed steel tariffs on an array of imported steel products from a controlled list of foreign countries under a different provision of law, Section 201 of the Trade Act of 1974.
The January 23 imposition of so-called safeguard tariffs on imports of solar panels and washing machines under Section 201 of the US Trade Act of 1974 is directed mainly at China and South Korea.
The New Trade Policy also declared its intent to impose sanctions based on Section 301 of Trade Act of 1974, displaying an aggressive posture.
Summary: Beijing [China], August 19 (ANI):After US Trade Representative (USTR) Robert Lighthizer formally initiated an investigation into China's intellectual property practices under Section 301 of the Trade Act of 1974, Chinese Ministry of Commerce has warned United States, saying that "Beijing will take all appropriate measures to safeguard its legitimate rights and interests".
I notified the President that today I am beginning an investigation under Section 301 of the Trade Act of 1974," added the statement.
The Omnibus Trade and Competitiveness Act of 1988 amended the Trade Act of 1974 to require enrollment in job training as a condition for receiving income support.
The US GSP program was instituted on 2 January, 1976, and authorized under the US Trade Act of 1974 for 10 years.
An Oregon Workforce Office employee filed a petition late last year to assist 150 Eugene Levi Strauss workers find new jobs under the federal Trade Act of 1974.
The JacksonEeAuVanik amendment to the Trade Act of 1974 is a 1974 provision within US federal law intended to affect US trade relations with countries with non-market economies that restrict the freedom of emigration and other human rights.
Trade Act of 1974 and, among other things, recommends reforms needed to address the theft of intellectual property and other barriers to overseas markets faced by U.