Trade Act of 1974

(redirected from Trade Act)

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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References in periodicals archive ?
During the Pre-State of the Nation Address (SONA) economic and infrastructure forum yesterday, Socioeconomic Planning Secretary and NEDA chief Ernesto Pernia urged Congress to pass the proposed ammendments to the Foreign Investment Act, Retail Trade Act and the Public Service Act.
The review of the Trade Act aimed to improve the ease of doing business in Botswana in line with Doing Business Reforms Roadmap, she explained.
The American Chamber of Commerce in Cambodia (AmCham) has said an end to the Kingdom's access to a US preferential tariffs agreement after the introduction of the 'Cambodia Trade Act of 2019' by Washington would be 'counterproductive'.
In a letter to the Speaker of the House of Representatives and the President of the Senate, the US President wrote: "In accordance with Section 502(f)(2) of the Trade Act of 1974, as amended (Trade Act) (19 U.S.C 2462(f)(2)), I am providing notice of my intent to terminate the designation of India as a beneficiary developing country under the Generalised System of Preferences (GSP) program."
the trade act 2013 licenses must be restored," said BMP chairman.
'Licenses of those trade bodies able to satisfy the monitoring committee with their performance and also about their compliance under the trade act 2013 licenses must be restored,' said BMP chairman.
He had said that the decision, achieved collectively on Oct 10, would include the Firearms (Heavier Penalties) Act 1971, Firearms Act 1960, Kidnapping Act 1961, Armed Forces Act 1972, Water Services Industries Act 2006, Strategic Trade Act 2010 and Dangerous Drugs Act 1952.
The President received Ted Yoho, Member of the House of Representatives and Chairman of the Subcommittee on Asia and the Pacific of the Committee on Foreign Affairs, Elizabeth Esty, Member of the House of Representatives, Tom Garrett, Member of the House of Representatives, and Ruben Kihuen, Member of the House of Representatives, and discussed bilateral economic and defense cooperation and the Mongolia Third Neighbor Trade Act, which was submitted for consideration of the Congress.
Trade Representative has filed with the Federal Register office for publication that certain interdigitated back contact solar cells and modules within specific size and power ranges, will be excluded from the solar tariffs imposed in January pursuant to Section 201 of the Trade Act. As a result, SunPower's IBC cells and modules are excluded from Section 201 import tariffs.
The list was authorized by the US Trade Representative's office, which in August 2017 initiated an unfounded investigation under the Section 301 of the US Trade Act of 1974 to probe China's intellectual property and technology transfer practices.
The House has voted 365-43 to approve legislation, which would allow the president to grant permanent normal trade relations (PNTR) with Russia and Moldova by lifting the application of Title IV of the Trade Act of 1974 to those countries.