Definition of Section 301

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TeachMeFinance.com - explain Section 301



Section 301

The term 'Section 301 ' as it applies to the area of agriculture can be defined as ' A section of the Trade Act of 1974 that authorizes the President to take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government which violates an international trade agreement or is unjustified, unreasonable, or discriminatory, and which burdens or restricts U.S. commerce'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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