Peril Points

Peril points in Global Commerce Policy

In this regard, peril points is: a provision first included in the United States Trade Agreements Extension Act of 1948, but deleted in 1949. The entries on trade policy are here. It was reintroduced in the Trade Agreements Extension Act of 1955. The provision required the United States Tariff Commission to set, through a process involving public hearings, a floor tariff rate for each product which indicated that a reduction below that rate would cause or threaten to cause injury to domestic industry. The President could go below the peril point, but he had to explain his decision to Congress. This provision was not incorporated in the Trade Expansion Act of 1962. See also United States trade agreements legislation.[1]

Peril pointsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Peril points” entry (OAS)

See Also