Trade Act of 1974 Flashcards

(7 cards)

1
Q

Which section of which U.S. law allows the president to tariff other countries for unfair trade practices?

A

Section 301 of the Trade Act of ‘74 allows the president to tariff countries if they violate trade agreements or engage in harmful trade practices

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2
Q

Why weren’t Trump’s tariffs illegal, since Congress never approved them?

A

Congress gave the president that authority in the Trade Act of 1974

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3
Q

Why did Congress create section 301 of the Trade Act of ‘74?

A

To let the president quickly fight back when other countries cheat in trade, without having to wait for Congress

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4
Q

What is Section 301 also sometimes called?

A

“The hammer” of U.S. trade policy—because it gives the executive branch the ability to punish bad actors directly through tariffs or restrictions

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5
Q

What’s the difference between using Section 301 versus waiting for Congress to act on unfair trade?

A

Section 301 lets the executive move fast and decisively—Congress would be too slow, making the threat meaningless

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6
Q

“TRUMP’S TARIFFS WERE ILLEGAL!”

A

Wrong. Congress granted that power in 1974 under Section 301. If you have a problem with it, your issue is with Congress—not Trump.

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7
Q

Who gave Trump the right to tariff all these countries like that, just because he felt it was right?

A

Congress did, in section 301 of the Trade Act of ‘74

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