According to The Peterson Institute for International Economics, a independent research institution here are various other provisions that deals with tariff powers.
Section 122 of the Trade Act of 1974: allows the president to impose temporary tariffs to deal with balance of payments deficits. This authority has never been used in the 50 years since its enactment & the tariffs expire after 150 days unless Congress acts by passing a law to extend them.
Section 338 of the Tariff Act of 1930: authorizes tariffs to retaliate against foreign discrimination against American goods. This authority has never been used since its enactment nearly a century ago & and requires strong proof of discrimination.
Section 232 of the Trade Expansion Act of 1962: national security import restrictions for decades used only to restrict imports of oil but now used for steel, aluminum, copper, automobiles, wood products, & potentially a long and growing list of other products.
Section 301 of the Tariff Act of 1974: retaliatory authority against foreign unfair trade acts, a major source of the tariffs on goods from China.
Each of these authorities comes with requirements that make them unsuitable for restoring an across-the-board tariff wall, although they can be deployed in individual instances to restrict trade, Peterson Institute said.
