Trade Expansion Act

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The Trade Expansion Act of 1962 (Pub.L. 87–794, 76 Stat. 872, enacted October 11, 1962, codified at 19 U.S.C. ch. 7) is an American trade law.

Section 232 of the Act under certain circumstances allows the President to impose tariffs based on a recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to threaten or impair the national security."[1] This section has rarely been used,[1] It was used in 1979 and 1982. It had not been invoked since the creation of the World Trade Organization in 1995,[2] until it was invoked by President Trump on March 8, 2018, to impose tariffs on steel and aluminum.

History

In 1962, Congress granted the President of the United States 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.[3]

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.[4][5][6][7][8] On March 8, 2018, President Trump signed an order to impose the tariffs on steel and aluminum under Section 232 of the Act and citing "national security" grounds.[9]

See also

References

  1. 1.0 1.1 Shannon Togawa Mercer & Matthew Kahn, America Trades Down: The Legal Consequences of President Trump's Tariffs, Lawfare (March 13, 2018).
  2. Tom Miles, Trump's extraordinary tariffs, Reuters (March 5, 2018).
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  9. Scott Horsley, Trump Formally Orders Tariffs on Steel, Aluminum Imports, All Things Considered (March 8, 2018).


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