Senator George Malone: One Man’s Fight Against the Global Trade Order
In the era of NAFTA and the World Trade Organization (WTO), it is easy to overlook the fact that countries once traded with each other without that trade being managed by multinational or international trade regimes. Regarding the United States, Congress exercised its constitutional powers to set tariffs (which are nothing more than excise taxes on foreign imports at their point of entry into the United States) and, in general, to “regulate commerce with foreign nations” (Article I, Section 8 of the Constitution).
But in 1934, Congress relinquished its constitutional responsibilities by transferring these powers to the presidency. And later in the century, once again with congressional approval, these powers have been shifted from the U.S. government to regional and international entities.
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