Trade Expansion Act of 1987

[AI summary unavailable — showing source text] Trade Expansion Act of 1987 - Title I: Trade Negotiations and Relief from Import Impacts - Sets forth the trade negotiating objectives of the United States, which include: (1) developing principles, rules, and procedures to reduce trade barriers and distortions; (2) improving the dispute settlement mechanisms and procedures of the General Agreement on Tariffs and Trade (GATT); (3) strengthening the GATT rules pertaining to subsidy practices and countervailing measures, and dumping practices and antidumping measures; and (4) establishing free trade areas with market economy countries. Expresses the sense of the Congress that the President should seek to implement agreements to achieve such objectives through the submission of treaties, rather than through the procedures of the Trade Act of 1974. Amends the Trade Act of 1974 to extend the President's nontariff barrier negotiating authority through January 3, 1993. Requires the U.S. Trade Representative to: (1) submit annual reports to specified congressional committees on such negotiations; and (2) consult with the Advisory Committee on Trade Negotiations and with private committees during the course of such negotiations. Amends the …