Title: 
Headings:  U.S. Trade Policy: Background and Current Issues
U.S.
 
Trade
 
Policy:
 
Background
 
and
 
Current
 
Issues

Economics
 
of
 
Trade
 

U.S.
 
Trade
 
Trends
 

Components
 
of
 
U.S.
 
Trade
 
Policy
  

U.S.
 
Trade
 
Laws
 
and
 
Policy
 
Tools
 

Trade
 
Promotion
 
Authority
 

The
 
World
 
Trade
 
Organization
 
(WTO)
 

Trade
 
Agreement
 
Negotiations
  

U.S.-China
 
Trade
 
Relations
 

Potential
 
Issues
 
for
 
Congress
 

Disclaimer
 


Content: Trade
 
preferences. Duty-free
 
access
 
to
 
U.S.
 
markets
 
for
 
eligible
 
developing
 
countries
 
and
 
products,
 
intended
 
to
 
encourage
 
trade
 
and
 
spur
 
their
 
economic
 
growth. Investment. Protection
 
and
 
promotion
 
(through
 
investment
 
treaties
 
and
 
trade
 
agreements); examination
 
of
 
inbound
 
FDI
 
for
 
national
 
security
 
implications. U.S.
 
Trade
 
Laws
 
and
 
Policy
 
Tools
 
The
 
Administration
 
highlights
 
the
 
U.S.
 
trade
 
deficit
 
as
 
an
 
indicator
 
of
 
foreign
 
“unfair”
 
trade
 
practices
 
with
 
potential
 
implications
 
for
 
U.S.
 
industry
 
and
 
jobs,
 
and
 
has
 
assertively
 
enforced
 
U.S.
 
trade
 
laws. In
 
particular,
 
the
 
Administration
 
has
 
applied
 
unilateral
 
tariff
 
increases
 
through
 
use
 
of
 
authorities
 
delegated
 
by
 
Congress
 
in
 
the
 
Trade
 
Expansion
 
Act
 
of
 
1962
 
(Section
 
232
 
tariffs
 
on
 
steel
 
and
 
aluminum)
 
and
 
the
 
Trade
 
Act
 
of
 
1974
 
(Section
 
201
 
tariffs
 
on
 
washing
 
machines
 
and
 
solar
 
panels,
 
and
 
Section
 
301
 
tariffs
 
on
 
Chinese
 
imports). Congress
 
created
 
these
 
authorities
 
to
 
address
 
injurious
 
import
 
threats
 
to
 
U.S.
 
industry
 
(Sec. 201)
 
and
 
national
 
security
 
(Sec. 232),
 
as
 
well
 
as
 
foreign
 
trade
 
barriers
 
or
 
trade
 
commitment
 
violations
 
(Sec.