Trade Act of 1974 Flashcards
(7 cards)
Which section of which U.S. law allows the president to tariff other countries for unfair trade practices?
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
Why weren’t Trump’s tariffs illegal, since Congress never approved them?
Congress gave the president that authority in the Trade Act of 1974
Why did Congress create section 301 of the Trade Act of ‘74?
To let the president quickly fight back when other countries cheat in trade, without having to wait for Congress
What is Section 301 also sometimes called?
“The hammer” of U.S. trade policy—because it gives the executive branch the ability to punish bad actors directly through tariffs or restrictions
What’s the difference between using Section 301 versus waiting for Congress to act on unfair trade?
Section 301 lets the executive move fast and decisively—Congress would be too slow, making the threat meaningless
“TRUMP’S TARIFFS WERE ILLEGAL!”
Wrong. Congress granted that power in 1974 under Section 301. If you have a problem with it, your issue is with Congress—not Trump.
Who gave Trump the right to tariff all these countries like that, just because he felt it was right?
Congress did, in section 301 of the Trade Act of ‘74