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The Trade Act of 1974 plays a significant role in shaping trade policies alongside the Tariff Act of 1930. This law was established to amend existing trade regulations and to promote fair trading practices while dealing with trade deficits. It introduced mechanisms that allowed the United States to impose tariffs and quotas, implementing measures to counter unfair foreign trade practices, such as dumping and subsidization.

The Trade Act of 1974 also established the framework for the President to negotiate trade agreements and encouraged international cooperation regarding trade. By doing so, it complemented the objectives of the Tariff Act of 1930, which was primarily focused on regulating tariffs to control imports and protect domestic industries. Together, these acts provide a comprehensive structure for managing and regulating trade in the U.S., ensuring that trade practices align with national interests and trade agreements.

Other laws listed may touch upon various aspects of trade or customs but do not have the same comprehensive impact as the Trade Act of 1974 when considered alongside the Tariff Act of 1930.