19-U.S.C.-1821
§1821 – Basic Authority For Trade Agreements
Pathway
Title 19 > Chapter 7 > Subchapter II > Part I > Section 1821
Details
- Reference: Section 1821
- Legend: §1821 – Basic Authority For Trade Agreements
- USCode Year: 2013
Provision Content
(a) Determination by President; trade agreements; modification or continuance of existing duties
Whenever the president determines that any existing duties or other import restrictions of any foreign country or the United States are unduly burdening and restricting the foreign trade of the United States and that any of the purposes stated in section 1801 of this title will be promoted thereby, the President may—
(1) after June 30, 1962, and before July 1, 1967, enter into trade agreements with foreign countries or instrumentalities thereof; and
(2) proclaim such modification or continuance of any existing duty or other import restriction, such continuance of existing duty-free or excise treatment, or such additional import restrictions, as he determines to be required or appropriate to carry out any such trade agreement.
(b) Restrictions on decrease or increase in rate of duty
Except as otherwise provided in this subchapter, no proclamation pursuant to subsection (a) of this section shall be made—
(1) decreasing any rate of duty to a rate below 50 percent of the rate existing on July 1, 1962; or
(2) increasing any rate of duty to (or imposing) a rate more than 50 percent above the rate existing on July 1, 1934.
(Pub. L. 87–794, title II, §201, Oct. 11, 1962, 76 Stat. 872.)
Wood-Wind and Parts of Wood-Wind Instruments
Pub. L. 90–234, §2(b)(2), Dec. 30, 1967, 81 Stat. 752, provided that: The amendments made by the first section of this Act, insofar as such amendments relate to items 725.24 and 726.70 of the Tariff Schedules of the United States, shall not affect the authority of the President contained in section 201(a)(2) of the Trade Expansion Act of 1962 [subsec. (a)(2) of this section].
Dicyandiamide and Limestone: Duty-Free Entry
Duty-free treatment pursuant to this chapter of dicyandiamide in item 425.40 and limestone when imported for use in manufacture of cement in item 513.34 of the Tariff Schedules of the United States, by provision for non-application of subsec. (b)(1) of this section, see section 1823 of this title.
U.S. Encyclopedia of Law Coverage
19-U.S.C.-1705 in the Legal Encyclopedia: Customs Duties
In this entry about 19-U.S.C.-1705, find legal reference material, bibliographies and premiere content related to customs duties in the American Encyclopedia of Law, presenting a comprehensive view of the United States customs duties-specific issues, written by authorities in the field.
Title 19 – Customs Duties in the Legal Encyclopedia: Trade Expansion
In this entry about Title 19 – Customs Duties, find legal reference material, bibliographies and premiere content related to trade expansion in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade expansion-specific issues, written by authorities in the field.
19-U.S.C.-1755 in the Legal Encyclopedia: Trade
In this entry about 19-U.S.C.-1755, find legal reference material, bibliographies and premiere content related to trade in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade-specific issues, written by authorities in the field.
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