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Trade Expansion Act: Difference between revisions
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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.<ref>{{cite journal|first=John B.|last=Rehm|jstor=2196880|title=Developments in the law and institutions of international economic relations: the Kennedy Round of Trade Negotiations|journal=[[The American Journal of International Law]]|publisher=[[American Society of International Law]]|volume=62|issue=2|date=April 1968|pages=403–434|doi=10.2307/2196880}}</ref> | 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.<ref>{{cite journal|first=John B.|last=Rehm|jstor=2196880|title=Developments in the law and institutions of international economic relations: the Kennedy Round of Trade Negotiations|journal=[[The American Journal of International Law]]|publisher=[[American Society of International Law]]|volume=62|issue=2|date=April 1968|pages=403–434|doi=10.2307/2196880}}</ref> | ||
On April 27, 2017, [[United States President|President]] [[Donald Trump]] ordered a review of the aluminum imports and threats to [[national security]] under the Trade Expansion Act of 1962.<ref>{{cite news|last1=Office of the Press Secretary|url=https://www.whitehouse.gov/the-press-office/2017/04/27/presidential-memorandum-secretary-commerce|title=Presidential Memorandum on the Aluminum Imports and Threats to National Security under the Trade Expansion Act of 1962|work=[[whitehouse.gov]]|publisher=[[White House]]|location=[[Washington, D.C.]]|language=en|date=April 27, 2017|access-date=April 27, 2017 |archive-url=https://web.archive.org/web/20170428001350/https://www.whitehouse.gov/the-press-office/2017/04/27/presidential-memorandum-secretary-commerce |archive-date=2017-04-28|url-status=dead|author1-link=White House Office of the Press Secretary}}</ref><ref>{{cite news|url=https://www.usatoday.com/story/news/politics/2017/04/27/ordering-national-security-investigation-trump-could-block-aluminum-imports/100961258/|title=Ordering national security investigation, Trump could block aluminum imports|first=Gregory|last=Korte|work= | On April 27, 2017, [[United States President|President]] [[Donald Trump]] ordered a review of the aluminum imports and threats to [[national security]] under the Trade Expansion Act of 1962.<ref>{{cite news|last1=Office of the Press Secretary|url=https://www.whitehouse.gov/the-press-office/2017/04/27/presidential-memorandum-secretary-commerce|title=Presidential Memorandum on the Aluminum Imports and Threats to National Security under the Trade Expansion Act of 1962|work=[[whitehouse.gov]]|publisher=[[White House]]|location=[[Washington, D.C.]]|language=en|date=April 27, 2017|access-date=April 27, 2017 |archive-url=https://web.archive.org/web/20170428001350/https://www.whitehouse.gov/the-press-office/2017/04/27/presidential-memorandum-secretary-commerce |archive-date=2017-04-28|url-status=dead|author1-link=White House Office of the Press Secretary}}</ref><ref>{{cite news|url=https://www.usatoday.com/story/news/politics/2017/04/27/ordering-national-security-investigation-trump-could-block-aluminum-imports/100961258/|title=Ordering national security investigation, Trump could block aluminum imports|first=Gregory|last=Korte|work=USA Today|publisher=[[Gannett Company]]|location=[[McLean, Virginia]]|date=April 27, 2017|access-date=April 27, 2017|archive-date=June 13, 2018|archive-url=https://web.archive.org/web/20180613122243/https://www.usatoday.com/story/news/politics/2017/04/27/ordering-national-security-investigation-trump-could-block-aluminum-imports/100961258/|url-status=live}}</ref><ref>{{cite news|url=https://www.reuters.com/article/us-usa-trade-aluminum-idUSKBN17T044|title=U.S. launches national security probe into aluminum imports|first=David|last=Lawder|work=Reuters|publisher=[[Thomson Reuters]]|location=[[Canary Wharf]], [[London]]|date=April 27, 2017|access-date=April 27, 2017|archive-date=June 12, 2018|archive-url=https://web.archive.org/web/20180612143000/https://www.reuters.com/article/us-usa-trade-aluminum-idUSKBN17T044|url-status=live}}</ref><ref>{{cite news|url=https://abcnews.go.com/Politics/wireStory/trump-order-aluminum-imports-investigation-47049358|title=Trump to order aluminum imports investigation|first1=Jill|last1=Colvin|first2=Paul|last2=Wiseman|work=[[ABC News (United States)|ABC News]]|publisher=[[American Broadcasting Company|ABC]]|location=New York City|agency=Associated Press|date=April 27, 2017|access-date=April 27, 2017|archive-date=April 27, 2017|archive-url=https://web.archive.org/web/20170427105210/http://abcnews.go.com/Politics/wireStory/trump-order-aluminum-imports-investigation-47049358|url-status=live}}</ref><ref>{{cite news|url=http://www.politico.com/story/2017/04/26/trump-aluminum-imports-trade-237665|title=Trump puts aluminum imports in 'national security' crosshairs|first1=Doug|last1=Palmer|first2=Matthew|last2=Nussbaum|work=[[Politico]]|publisher=[[Capitol News Company]]|location=Arlington County, Virginia|date=April 27, 2017|access-date=April 27, 2017|archive-date=May 5, 2021|archive-url=https://web.archive.org/web/20210505150852/http://www.politico.com/story/2017/04/26/trump-aluminum-imports-trade-237665|url-status=live}}</ref> On March 8, 2018, President Trump signed an order to impose the [[Trump tariffs|tariffs on steel and aluminum]] under Section 232 of the act and citing "national security" grounds.<ref name="HorsleyFormal">Scott Horsley, [https://www.npr.org/2018/03/08/591744195/trump-expected-to-formally-order-tariffs-on-steel-aluminum-imports Trump Formally Orders Tariffs on Steel, Aluminum Imports] {{Webarchive|url=https://web.archive.org/web/20191231034502/https://www.npr.org/2018/03/08/591744195/trump-expected-to-formally-order-tariffs-on-steel-aluminum-imports |date=2019-12-31 }}, ''All Things Considered'' (March 8, 2018).</ref> | ||
On May 23, 2018, President Trump "instructed Secretary Ross to consider initiating a Section 232 investigation into imports of automobiles, including trucks, and automotive parts to determine their effects on America's national security. Core industries such as automobiles and automotive parts are critical to our strength as a Nation."<ref>{{Cite web| title = Statement from the President on Potential National Security Investigation into Automobile Imports| access-date = March 20, 2019| date = May 23, 2018| via = [[NARA|National Archives]]| work = [[whitehouse.gov]]| url = https://trumpwhitehouse.archives.gov/briefings-statements/statement-president-potential-national-security-investigation-automobile-imports/| archive-date = January 20, 2021| archive-url = https://web.archive.org/web/20210120202640/https://trumpwhitehouse.archives.gov/briefings-statements/statement-president-potential-national-security-investigation-automobile-imports/| url-status = live}}</ref><ref name="Vox_Yglesias_20180620">{{Cite web| last = Yglesias| first = Matthew| title = Commerce Secretary Wilbur Ross is tied up in major financial conflicts of interest| work = Vox| access-date = March 20, 2019| date = June 20, 2018| url = https://www.vox.com/2018/6/20/17479170/wilbur-ross-corruption| archive-date = March 21, 2019| archive-url = https://web.archive.org/web/20190321173312/https://www.vox.com/2018/6/20/17479170/wilbur-ross-corruption| url-status = live}}</ref><ref name="Forbes_Alexander_20180618">{{Cite news| title = Lies, China And Putin: Solving The Mystery Of Wilbur Ross' Missing Fortune| access-date = March 20, 2019| date = June 18, 2018| url = https://www.forbes.com/sites/danalexander/2018/06/18/lies-china-and-putin-solving-the-mystery-of-wilbur-ross-missing-fortune-trump-commerce-secretary-cabinet-conflicts-of-interest| archive-date = March 20, 2019| archive-url = https://web.archive.org/web/20190320111930/https://www.forbes.com/sites/danalexander/2018/06/18/lies-china-and-putin-solving-the-mystery-of-wilbur-ross-missing-fortune-trump-commerce-secretary-cabinet-conflicts-of-interest/| url-status = live}}</ref><ref group="Notes">Following weeks of investigation, ''[[Forbes]]'' published the results in a June 18, 2018 article in which they expressed concerns about Wilbur Ross' financial conflicts, for example in regards to the Section 232 tariffs and the International Automotive Components Group, that Ross had created by "merging several formerly separate automotive interior companies". ''Forbes'' said that it was problematic that Trump's "instructions" to "Secretary Ross to consider initiating a Section 232 investigation into imports of automobiles, including trucks, and automotive parts to determine their effects on America's national security" were problematic because the U.S. imposition of "new taxes on imports of foreign cars and car parts" would "obviously...have a direct bearing on the fortunes of Ross's car parts company."</ref> | On May 23, 2018, President Trump "instructed Secretary Ross to consider initiating a Section 232 investigation into imports of automobiles, including trucks, and automotive parts to determine their effects on America's national security. Core industries such as automobiles and automotive parts are critical to our strength as a Nation."<ref>{{Cite web| title = Statement from the President on Potential National Security Investigation into Automobile Imports| access-date = March 20, 2019| date = May 23, 2018| via = [[NARA|National Archives]]| work = [[whitehouse.gov]]| url = https://trumpwhitehouse.archives.gov/briefings-statements/statement-president-potential-national-security-investigation-automobile-imports/| archive-date = January 20, 2021| archive-url = https://web.archive.org/web/20210120202640/https://trumpwhitehouse.archives.gov/briefings-statements/statement-president-potential-national-security-investigation-automobile-imports/| url-status = live}}</ref><ref name="Vox_Yglesias_20180620">{{Cite web| last = Yglesias| first = Matthew| title = Commerce Secretary Wilbur Ross is tied up in major financial conflicts of interest| work = Vox| access-date = March 20, 2019| date = June 20, 2018| url = https://www.vox.com/2018/6/20/17479170/wilbur-ross-corruption| archive-date = March 21, 2019| archive-url = https://web.archive.org/web/20190321173312/https://www.vox.com/2018/6/20/17479170/wilbur-ross-corruption| url-status = live}}</ref><ref name="Forbes_Alexander_20180618">{{Cite news| title = Lies, China And Putin: Solving The Mystery Of Wilbur Ross' Missing Fortune| access-date = March 20, 2019| date = June 18, 2018| url = https://www.forbes.com/sites/danalexander/2018/06/18/lies-china-and-putin-solving-the-mystery-of-wilbur-ross-missing-fortune-trump-commerce-secretary-cabinet-conflicts-of-interest| archive-date = March 20, 2019| archive-url = https://web.archive.org/web/20190320111930/https://www.forbes.com/sites/danalexander/2018/06/18/lies-china-and-putin-solving-the-mystery-of-wilbur-ross-missing-fortune-trump-commerce-secretary-cabinet-conflicts-of-interest/| url-status = live}}</ref><ref group="Notes">Following weeks of investigation, ''[[Forbes]]'' published the results in a June 18, 2018 article in which they expressed concerns about Wilbur Ross' financial conflicts, for example in regards to the Section 232 tariffs and the International Automotive Components Group, that Ross had created by "merging several formerly separate automotive interior companies". ''Forbes'' said that it was problematic that Trump's "instructions" to "Secretary Ross to consider initiating a Section 232 investigation into imports of automobiles, including trucks, and automotive parts to determine their effects on America's national security" were problematic because the U.S. imposition of "new taxes on imports of foreign cars and car parts" would "obviously...have a direct bearing on the fortunes of Ross's car parts company."</ref> | ||