All articles tagged with #trade act 1974
The Trump administration says it has completed about $100 billion in refunds of tariffs collected before the Supreme Court struck them down, using a processing component, and notes this represents more than half of the $166 billion originally tariffed. The refunds have faced criticism that they go to corporate importers rather than households, while tariffs imposed under different authorities are being challenged in court.
The U.S. Trade Representative has initiated 60 Section 301(b) investigations to determine whether 60 economies failed to prohibit or effectively enforce bans on goods made with forced labor, assessing if their acts are unreasonable or discriminatory and burden U.S. commerce. USTR will seek consultations, hold hearings on April 28, 2026, and accept written comments by April 15, 2026. The economies under review include major partners such as Canada, the European Union, China, India, Mexico, the United Kingdom, Australia, and Vietnam, among others.
After a Supreme Court ruling on tariffs, President Trump pivots to Section 122 of the Trade Act of 1974 to temporarily impose 10% tariffs on all foreign goods for up to 150 days, a fast-acting emergency authority that must be extended by Congress to endure; the tool is designed for short-term shocks and sits alongside other levers like Section 232, 301, and 338.