GATT

The GATT/WTO system doesn’t mandate any particular level of tariffs.

Johnson has said that world trade rules include a provision, known as Article 24 of the GATT, that permits trade to continue unchanged between two parties if they so decide.

Johnson has said that world trade rules include a provision, known as Article 24 of the GATT, which permits trade to continue unchanged between two parties if they so decide.

Bhala said the tariffs would almost certainly run afoul of both the North American Free Trade Agreement and the General Agreement on Tariffs and Trade, or GATT.

Today there are only a handful of countries that aren’t members of the World Trade Organization, successor to the GATT.