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United States Trade Representative (USTR)

The chief trade negotiator for the U.S. government, responsible for developing and coordinating U.S. international trade, commodity, and direct investment policy.

Section 301 of the Trade Act of 1974

A U.S. law that allows the President, through the USTR, to take action against foreign countries that engage in unfair trade practices that harm U.S. commerce.

United States-Korea Free Trade Agreement (KORUS FTA)

A comprehensive trade agreement between the U.S. and South Korea designed to eliminate tariffs and other trade barriers to promote economic ties.

Trade Deficit

When a country imports more goods and services from another country than it exports to that country, resulting in a negative balance of trade.

Digital Platform Operator

A company that provides online services or platforms, such as social media, e-commerce marketplaces, cloud computing services, or app stores.

Discriminatory Business Restrictions

Rules or policies that unfairly disadvantage certain businesses, often based on their country of origin or type, compared to others in the same market.