Page:United States Statutes at Large Volume 101 Part 3.djvu/865

 PROCLAMATION 5679—JULY 16, 1987

101 STAT. 2163

Proclamation 5679 of July 16, 1987

Extension of Temporary Duty Increases and Quantitative Limitations on the Importation Into the United States of Certain Stainless Steel and Alloy Tool Steel By the President of the United States of America . A Proclamation 1. On July 5, 1983, pursuant to section 202(b)(1) of the Trade Act of 1974 (the Act) (19 U.S.C. 2252(b)(1)) and after taking into account the considerations specified in section 202(c) of the Act (19 U.S.C. 2252(c)) and the report and recommendations of the United States International Trade Commission (the Commission), I determined to impose additional tariffs and quantitative restrictions on imports of certain bars; wire rods; and plates, sheets and strips, not cut, not pressed, and not stamped to nonrectangular shape; all the foregoing of stainless steel or certain alloy tool steel; and round wire of high-speed tool steel, provided for in specified items of the Tariff Schedules of the United States (TSUS) (19 U.S.C. 1202). By Proclamation 5074 of July 19, 1983, pursuant to sections 203(a)(1), 203(a)(3), and 203(e)(1) of the Act (19 U.S.C. 2253(a)(1), 2253(a)(3), and 2253(e)(1)), I provided import relief through the temporary imposition of increased tariffs and quantitative restrictions on certain stainless steel and alloy tool steel as set forth in the Annex to that Proclamation. 2. Further, in Proclamation 5074 I directed the United States Trade Representative (USTR) to take such actions and perform such functions for the United States as may be necessary to administer and implement such relief, to negotiate orderly marketing agreements pursuant to section 203 of the Act (19 U.S.C. 2253), to modify such relief pursuant to section 203, and to make any changes in the headnote or TSUS items created in the Annex to that Proclamation that may be necessary to implement the foregoing authority. I also directed the USTR to conduct an annual review of the necessity for and effectiveness of such relief and to recommend any appropriate action under section 203(h)(4) of the Act (19 U.S.C. 2253(h)(4)). 3. On September 18, 1984, I established a national policy for the steel industry and directed the USTR to coordinate and direct the implementation of that policy, including the negotiation of new arrangements with exporting countries and the reaffirmation of existing measures limiting steel exports into the United States. Supplemental authority to enforce the national policy for the steel industry was provided in Title VIII of the Trade and Tariff Act of 1984 (19 U.S.C. 2253 note). 4. Pursuant to the above authority, the USTR concluded agreements with the European Community and 18 other exporting nations and made such modifications to the import relief proclaimed in Proclamation 5074 as were necessary to implement these agreements. 5. I have now determined that the relief provided in Proclamation 5074, as subsequently modified, should be extended through September 30, 1989, as set forth in the Annex to this Proclamation. Finally, I have determined to continue the authority of the USTR under the national policy for the steel industry to take such actions as he determines necessary and appropriate

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