Glossary term
Section 122 Tariff
The Section 122 tariff is a 10% duty imposed under Section 122 of the Trade Act of 1974, which allows the U.S. President to adjust imports to address balanceofpayments deficits. Th
Definition
The Section 122 tariff is a 10% duty imposed under Section 122 of the Trade Act of 1974, which allows the U.S. President to adjust imports to address balanceofpayments deficits. Th
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