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Search Results: keywords:"tariff-rate quotas"

  • H.R. 10181, also known as the "Prevent Tariff Abuse Act," aims to limit the powers of the U.S. President by excluding the ability to impose duties, tariff-rate quotas, or other quotas on imports. The bill proposes amendments to the International Emergency Economic Powers Act,...

    Simple Explanation

    The "Prevent Tariff Abuse Act" is a new rule that says the President can't put special extra costs or limits on things that come from other countries, even when there is an emergency. This is to make sure that the rules for trading things from other countries are decided in a different way and not just by one person during an emergency.