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Section 201
A section of the Trade Act of 1974 that permits the President to grant temporary import relief, by raising import duties or imposing nontariff barriers on goods entering the United States that injure or threaten to injure domestic industries producing like goods. This provision is the analogue of GATT Article 19, which allows GATT contracting parties to provide relief from injurious competition when temporary protection will enable the domestic industry to make adjustments to meet the competition.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
Other Languages:
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