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Trade Expansion Act
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The Trade Expansion Act of 1962 is an American trade law that granted the president authority to negotiate tariff reductions of up to 80%. Section 232 of the act allows the president to impose tariffs on imports that threaten national security. The section was used in 1979 and 1982, but had not been invoked since 1995 until President Trump cited it in 2018 to impose tariffs on steel and aluminum. In 2018, Trump also ordered an investigation into imports of automobiles and automotive parts under Section 232, which concluded that these imports posed a threat to US national security, justifying the imposition of tariffs of up to 25%.learn more on wikipedia
perspectives
- 1.US under Donald Trump
- 2.Chinese Foreign Policy
- 3.US-China Relations
- 4.Immigration to the US
- 5.US Economy
- 6.Inflation
- 7.Trade Agreement
- 8.World Economy
- 9.US-India relations
- 10.Mexico under Claudia Sheinbaum
- 11.US-EU relations
- 12.Protectionism
countries
- 1.Australia
- 2.Canada
- 3.China
- 4.Ecuador
- 5.France
- 6.Cambodia
- 7.Mexico
- 8.Malaysia
- 9.New Zealand
- 10.Peru
- 11.Russian Federation
- 12.Taiwan, Province of China
organizations
- 1.Truth Social
- 2.Ace Hardware
- 3.Alphabet Inc
- 4.AMC Theatres
- 5.Apple
- 6.Boeing Co
- 7.Burger King
- 8.Capital Economics
- 9.Center for Environmental Health
- 10.Chanel
- 11.Convatec
- 12.Dell
persons
- 1.Donald Trump
- 2.Mario Vargas Llosa
- 3.Aimee Lou Wood
- 4.Angela Dewan
- 5.Astra Taylor
- 6.Bill Ackman
- 7.Daniel Noboa
- 8.Dan Ives
- 9.David Charter
- 10.Dearbail Jordan
- 11.Emmanuel Macron
- 12.Howard Lutnick