Trade Expansion Act of 1962

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The Trade Expansion Act of 1962 is a U.S. federal law that significantly broadened presidential authority to negotiate international trade agreements and reduce tariffs, laying groundwork for modern American trade policy institutions.

All labels observed (4)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf United States federal statute
statutory provision
trade law
aimedAt expanding exports of the United States
reducing trade barriers
strengthening the Atlantic Community
authorizes President of the United States
negotiation of reciprocal trade agreements
reduction of tariffs
authorizesAction adjustment of imports that threaten to impair national security
branchOfGovernmentAffected executive branch
codifiedIn Title 19 of the United States Code
containsProvision Trade Expansion Act of 1962 self-linksurface differs
surface form: Section 232 of the Trade Expansion Act of 1962
country United States of America
surface form: United States
dateSigned 1962-10-11
effect significantly broadened presidential authority over trade negotiations
enabled United States participation in the Kennedy Round of GATT
enactedBy 87th United States Congress
grantsPowerTo President of the United States
historicalContext Cold War
postwar trade liberalization
includesProgram trade adjustment assistance
influenced creation and evolution of trade adjustment assistance programs
modern United States trade policy framework
jurisdiction United States government
surface form: United States federal government
legalStatus in force in amended form
longTitle An Act to promote the general welfare, foreign policy, and security of the United States through international trade agreements and through adjustment assistance to domestic industry, agriculture, and labor, and for other purposes
maximumTariffCutAuthority 50 percent reduction from existing tariff rates
notableUseOfSection232 investigations of aluminum imports
investigations of steel imports
policyArea international trade
tariff policy
trade negotiations
predecessor Trade Agreements Extension Act of 1958
primaryPurpose to authorize the President to negotiate tariff reductions and trade agreements
to expand United States foreign trade
to strengthen economic relations with Western Europe and other trading partners
providesFor assistance to firms adversely affected by increased imports
assistance to workers adversely affected by increased imports
publicLawNumber Public Law 87-794
relatedTo General Agreement on Tariffs and Trade
Kennedy Round (1964–1967)
surface form: Kennedy Round of GATT negotiations
shortTitle Trade Expansion Act of 1962 self-link
signedBy John F. Kennedy
signingPresident John F. Kennedy
sponsor Kennedy administration
surface form: John F. Kennedy administration
statutesAtLargeCitation 76 Stat. 872
subject national security and imports
successor Trade Act of 1974
yearEnacted 1962

How these facts were elicited

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States Trade Representative (Cabinet-level) createdBy Trade Expansion Act of 1962
subject surface form: United States Trade Representative
Kennedy Round (1964–1967) legalBasis Trade Expansion Act of 1962
this entity surface form: United States Trade Expansion Act of 1962
87th United States Congress passedLegislation Trade Expansion Act of 1962
Trade Expansion Act of 1962 shortTitle Trade Expansion Act of 1962 self-link
Trade Expansion Act of 1962 containsProvision Trade Expansion Act of 1962 self-linksurface differs
this entity surface form: Section 232 of the Trade Expansion Act of 1962
Reciprocal Trade Agreements Act relatedTo Trade Expansion Act of 1962
Public Law 87-794 officialName Trade Expansion Act of 1962
Public Law 87-794 shortName Trade Expansion Act of 1962
this entity surface form: Trade Expansion Act
Trade Agreements Extension Act of 1958 precedes Trade Expansion Act of 1962