Trade Expansion Act

The Trade Expansion Act of 1962 was a law that gave the U.S. President special authority to reduce tariffs (taxes on imports) and negotiate trade agreements more quickly. It aimed to promote free trade and boost economic growth by making it easier to open markets and increase international commerce. The Act also allowed the President to take trade-related actions in response to unfair practices by other countries. Overall, it was designed to expand global trade opportunities and improve the U.S. economy by streamlining trade policy decisions.