Topic: Trade Act Of 1974

1 chapters across the catalog

If the Supreme Court rules against the current tariff structure, Dr. Kirk Elliott outlines "Plan B" options, such as invoking Section 122 of the 1974 Trade Act or Section 338 of the 1930 Tariff Act. These laws allow for temporary tariffs to address trade imbalances and discrimination against U.S. trade. The discussion emphasizes that the administration has multiple legal avenues to continue its protectionist policies.