Trade Expansion Act of 1986

[AI summary unavailable — showing source text] Trade Expansion Act of 1986 - Title I: Opening of Foreign Markets - Amends the Trade Act of 1974 to require the U.S. Trade Representative (USTR) to make an estimate in the annual report on trade barriers of the increase in value of U.S. exports that would result in the following three years if certain market access barriers were eliminated. Requires the USTR, in making such estimate, to take into account the international competitiveness of the goods or services involved. Requires the USTR, within 90 days of submitting the annual report on trade barriers to the Congress, to establish export goals for the next three years for certain foreign countries which have trade barriers to a significant portion of possible U.S. exports and which deny market access to those U.S. exports that are less able to petition for relief. Requires the President, if the export goal for a country is not met, to take all necessary actions to reduce the exports of that country to the United States by a specified amount. Requires the President to report to the Congress annually on such actions. Transfers from the President to the USTR the authority to: (1) determine whether U.S. action is appropriate to enfo…