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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 ...
It includes several enumerated powers, including the power to lay and collect "taxes, duties, imposts, and excises" (provided duties, imposts, and excises are uniform throughout the United States), "to provide for the common defense and general welfare of the United States", the power to regulate interstate and international commerce, the power ...
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 court reasoned that "the words imports, exports, and imposts are used with exclusive reference to foreign trade" [1]: 134 in Article VI, §3 and Article IX, §1 of the Articles of Confederation and found that the records of the Constitutional Convention used the words "duty," "impost," and "import" in reference to foreign trade. [1]: 133 ...
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 ...
WASHINGTON (Reuters) -President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly ...
US Trade Imbalance by Country (2023) Country Exports (USD Billion) Imports (USD Billion) Trade Imbalance (USD Billion) China: 147.8: 426.9-279.1: Mexico
(Reuters) -U.S. President Donald Trump on Monday ordered a 90-day pause in foreign development assistance pending assessments of efficiencies and consistency with his foreign policy.