Trade Act of 1974


Trade Act of 1974

Legislation in the United States that gave the president the authority to negotiate trade agreements with other countries with relatively little interference from Congress. Specifically, Congress could disapprove of a trade agreement but could not amend it. It also allowed the president to impose trade barriers unilaterally against countries found to engage in unfair trade practices. The act expired in 1994. See also: Trade Act of 2002.