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Trade Act of 1974

A U.S. law that sets out the framework for how the United States conducts international trade and addresses unfair trade practices by other countries. This bill specifically amends Title III, Section 301, which deals with actions against foreign trade practices.

U.S. Trade Representative (USTR)

A U.S. government agency responsible for developing and coordinating U.S. international trade, commodity, and direct investment policy, and for overseeing negotiations with other countries.

Foreign Trade Practices

Actions or policies by other countries that may be considered unfair, discriminatory, or harmful to U.S. commerce under international trade law.

Tariff / Duty

A tax or fee paid on certain imported goods. Tariffs are often used to make imported goods more expensive, encouraging consumers to buy domestically produced goods.

Motor vehicles / motor cars

Cars, trucks, or other vehicles designed mainly for transporting people. This bill specifically includes traditional gasoline, hybrid, and electric vehicles.

Firm of the foreign country

A business or a part of a business that is either headquartered in, or controlled by, a specific foreign country, as defined in the bill.