How Congress lost power over trade deals – and why some lawmakers want it back
- Written by William Hauk, Associate Professor of Economics, University of South Carolina
Congress was once the seat of all power on U.S. trade policyAP PhotoSome in Congress want to wrest control of trade policy back from the president. It might surprise you to learn that lawmakers ever had it.
Until the 1930s, it was Congress that set the terms of U.S. trade negotiations with other countries and raised and lowered tariffs as it saw...
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