Due to threats by the president to set import quotas, the U.S. State Department negotiated directly with...

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Economics

Dueto threats by the president to set import quotas, the U.S. StateDepartment negotiated directly with European and Japanese steelproducers to limit their companiesâ€™ exports to the United States.No foreign government was party to the agreement. Although thepresident has express authority to limit imports by an act ofCongress, this act required that he either hold public hearingsthrough the Tariff Commission about setting import quotas or dealdirectly with foreign governments about limiting imports. TheConsumers Union of U.S., Inc., felt that when Congress gave thepresident this express power, it preempted any other action by thepresident. They brought an action against the secretary of state tohave the presidentâ€™s agreement with private steel producers inEurope and Japan declared illegal. What should be the result ofsuch an action? See Consumers Union of U.S., Inc. v. Kissinger, 506F.2d 136 (D.C. Cir. 1974).

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The International Emergency Economic Powers Act IEEPA In certain situations the president is endowed with the authority to impose sanctions against another nation and to impose restrictions during times of national emergencies The President may impose sanctions take assets and cancel contracts Constitutional See Answer

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