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The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
Section 301 cases can be self-initiated by the United States Trade Representative (USTR) or as the result of a petition filed by a firm or industry group.. As an amendment by section 1302 of the Omnibus Foreign Trade and Competitiveness Act, Super 301 required the USTR for 1989 and 1990 to issue a report on its trade priorities and to identify priority foreign countries that practiced unfair ...
An Act to promote the development of an open, nondiscriminatory, and fair world economic system, to stimulate fair and free competition between the United States and foreign nations, to foster the economic growth of, and full employment in, the United States, and for other purposes. Nicknames: Trade Reform Act: Enacted by: the 93rd United ...
The Commerce Clause describes an enumerated power listed in the United States Constitution (Article I, Section 8, Clause 3).The clause states that the United States Congress shall have power "to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes".
The Omnibus Trade and Competitiveness Act started as an amendment proposed by Rep. Dick Gephardt (D-MO) to order the Executive branch to thoroughly examine trade with countries that have large trade surpluses with the United States. If the trade surpluses continued, the offending country would be faced with a bilateral surplus-reduction ...
The United States Court of International Trade (case citations: Ct. Int'l Trade) is a U.S. federal court that adjudicates civil actions arising out of U.S. customs and international trade laws. [1] Seated in New York City , it exercises broad jurisdiction over most trade-related matters, and is permitted to hear and decide cases anywhere in the ...
The majority of registered voters say they accept President-elect Trump’s victory in the White House race, regardless of feelings, according to a recent exit poll. The YouGov/Economist survey ...
A person may not, without a license or exception, re-export any item that meets the direct product test to a destination in the national security country group (D:1), designated terrorist supporting countries (E:1), or Cuba (E:2). Additionally, foreign-made military commodities that meet the direct product test cannot, without a license or ...