Termination and withdrawal authority
Grant of authority for termination or withdrawal at end of period specified in agreement
Authority to terminate proclamations at any time
Increased duties or other import restrictions following withdrawal, suspension, or modification of obligations with respect to trade of foreign countries or instrumentalities
Retaliatory authority
Whenever any foreign country or instrumentality withdraws, suspends, or modifies the application of trade agreement obligations of benefit to the United States without granting adequate compensation therefor, the President, in pursuance of rights granted to the United States under any trade agreement and to the extent necessary to protect United States economic interests (including United States balance of payments), may—
withdraw, suspend, or modify the application of substantially equivalent trade agreement obligations of benefit to such foreign country or instrumentality, and
proclaim under subsection (c) such increased duties or other import restrictions as are appropriate to effect adequate compensation from such foreign country or instrumentality.
Continuation of duties or other import restrictions after termination of or withdrawal from agreements
Public hearings
Notes
References in Text
Authority To Increase Duties on Imports of Certain Tobacco and Tobacco Products
In General.—
In the application of section 125(c) of the Trade Act of 1974 (19 U.S.C. 2135) with respect to any item provided for in subheadings 2401.10.60, 2401.20.30, 2401.20.80, 2401.30.30, 2401.30.60, 2401.30.90, 2403.10.00, 2403.91.40, or 2403.99.00 of the HTS, ‘350’ shall be substituted for ‘20’ where it appears in such section.
Effective Date.—
This section shall take effect on the date of the enactment of this Act [
Tariff Reductions Under Trade Agreements Act of 1979
Review of International Trade in Alcoholic Beverages
Review.—
The President shall review foreign tariff and nontariff barriers affecting United States exports of alcoholic beverages. Not later than
Withdrawal of Concessions.—
If, as the result of his review under subsection (a), the President determines that a foreign country or instrumentality has not implemented concessions to the United States affecting alcoholic beverages which were negotiated in trade agreements entered into before
Further Negotiations To Remove Barriers.—
If, as the result of his review under subsection (a), the President determines that foreign tariff or nontariff barriers are unduly burdening or restricting the United States exports of alcoholic beverages, he shall enter into negotiations under the Trade Act of 1974 [this chapter] to eliminate or reduce such barriers.”