Page:Bearing and Importance of Commercial Treaties in the Twentieth Century, 1906.djvu/18

 manufactured or distilled from grain or other materials; champagne or other sparkling wines; still wines and vermouth; paintings and statuary; or any of them, the President be and he is hereby authorised, as soon as may be, after the passage of this Act and from time to time thereafter, to enter into negotiations with the Governments of those countries exporting to the United States the above-mentioned articles or any of them, with a view to the arrangement of commercial agreements, in which reciprocal and equivalent concessions may be secured in favour of the products and manufactures of the United States; and wherever the Government of any country or colony, producing and exporting to the United States the above-mentioned articles, or any of them, shall enter into a commercial agreement with the United States or make concessions in favour of the products or manufactures thereof, which, in the judgment of the President, shall be reciprocal and equivalent, he shall be and he is hereby authorised and empowered to suspend during the time of such agreement or concession, by proclamation to that effect, the imposition and collection of the duties mentioned in the Act, on such article or articles so exported to the United States from such country or colony and thereupon and thereafter the duties levied, collected, and paid upon such article or articles shall be as follows:—"Then follow duties reduced on an average by 20 to 25 per cent.

On the other hand, a clause, relating to coffee, tea, and tonquin, tonqua, or tonka beans and vanilla beans, allowed free entry under the tariff, gave the President power to suspend this free 'entry and levy certain duties, where the country exporting these products to the United States, imposed duties or other exactions upon the agricultural, manufactured, or other products of the United States.

Lastly, power was given to the President to levy extra.