Trade Expansion Act of 1962
E22068
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.
Aliases (2)
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 |
Section 232 of the Trade Expansion Act of 1962
→
|
| country |
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 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 of GATT negotiations → |
| shortTitle |
Trade Expansion Act of 1962
→
|
| signedBy |
John F. Kennedy
→
|
| signingPresident |
John F. Kennedy
→
|
| sponsor |
John F. Kennedy administration
→
|
| statutesAtLargeCitation |
76 Stat. 872
→
|
| subject |
national security and imports
→
|
| successor |
Trade Act of 1974
→
|
| yearEnacted |
1962
→
|
Referenced by (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
Trade Expansion Act of 1962
("Section 232 of the Trade Expansion Act of 1962")
→
|
containsProvision |
|
United States Trade Representative
→
|
createdBy |
|
Kennedy Round (1964–1967)
("United States Trade Expansion Act of 1962")
→
|
legalBasis |
|
87th United States Congress
→
|
passedLegislation |
|
Reciprocal Trade Agreements Act
→
|
relatedTo |
|
Trade Expansion Act of 1962
→
|
shortTitle |