Page:United States Statutes at Large Volume 102 Part 2.djvu/145

 PUBLIC LAW 100-418—AUG. 23, 1988

102 STAT. 1149

(b) MODIFICATIONS TO THE HARMONIZED TARIFF SCHEDULE.—At the

earliest practicable date after the date of the enactment of the Onmibus Trade and Competitiveness Act of 1988, the President shall— (1) proclaim such modifications to the Harmonized Tariff Schedule as are consistent with the standards applied in converting the old Schedules into the format of the Convention, as reflected in such Publication No. 2030 and Supplement No. 1. thereto, and as are necessary or appropriate to implement— (A) the future outstanding staged rate reductions authorized by the Congress in— (i) the Trade Act of 1974 (19 U.S.C. 2101 et seq.) and the Trade Agreements Act of 1979 (19 U.S.C. 2501 et seq.) to reflect the tariff reductions that resulted from the Tokyo Round of multilateral trade negotiations, and (ii) the United States-Israel Free Trade Area Implementation Act of 1985 (19 U.S.C. 1202 note) to reflect the tariff reduction resulting from the United StatesIsrael Free Trade Area Agreement, (B) the applicable provisions of— (i) statutes enacted, (ii) executive actions taken, and (iii) final judicial decisions rendered, after January 1, 1988, and before the effective date of the Harmonized Tariff Schedule, and (C) such technical rectifications as the President considers necessary; and (2) take such action as the President considers necessary to bring trade agreements to which the United States is a party into conformity with the Harmonized Tariff Schedule. (c) STATUS OF THE HARMONIZED TARIFF SCHEDULE.—

(1) The following shall be considered to be statutory provisions of law for all purposes: (A) The provisions of the Harmonized Tariff Schedule as enacted by this subtitle. (B) Each statutory amendment to the Harmonized Tariff Schedule. (C) Each modification or change made to the Harmonized Tariff Schedule by the President under authority of law (including section 604 of the Trade Act of 1974). (2) Neither the enactment of this subtitle nor the subsequent enactment of any amendment to the Harmonized Tariff Schedule, unless such subsequent enactment otherwise provides, may be construed as limiting the authority of the President— (A) to effect the import treatment necessary or appropriate to carry out, modify, withdraw, suspend, or terminate, in whole or in part, trade agreements; or (B) to take such other actions through the modification, continuance, or imposition of any rate of duty or other import restriction as may be necessary or appropriate under the authority of the President. (3) If a rate of duty established in column 1 by the President by proclamation or Executive order is higher than the existing rate of duty in column 2, the President may by proclamation or Executive order increase such existing rate to the higher rate.

President of U.S.

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