The President's Power in Trade Policy

The president has limited power concerning trade policy, predominantly operating within the framework set by Congress. Tariffs are primarily established through congressional action, which sets a classification code system for tariffs that countries must adhere to. However, the president can maneuver within these established tariffs by modifying a country’s status, such as designating China as a less favored trading partner, resulting in increased tariffs. This ability to change trading status allows the president to impact trade dynamics without needing direct congressional approval.