Page:United States Statutes at Large Volume 48 Part 1.djvu/970

 944 73d C ONGRESS. SESS. II. CH. 474 . JUNE 12, 1934 . centum any existing rate of duty or transferring any article between Application of proc- the dutiable and free lists. The proclaimed duties and other import lamatfon. restrictions shall apply to articles the growth, produce, or manu- facture of all foreign countries, whether imported directly, or Proviso. indirectly : Provided, That the President may suspend the a lica- Suspension of appli- cation. tio n to articles the gowth, p roduce, or man ufcture of an y country because of its discriminatory treatment of American commerce or because of other acts or policies which in his opinion tend to defeat the purposes set forth in this section ; and the proclaimed duties and other import restrictions shall be in effect from and after such time Termination, as is specified in the proclamation. The President may at any time terminate any such proclamation in whole or in part. Treaty of commercial a (b) Nothing in this section shall be construed to prevent the recipro city with Cu ba. Nothing Vol.33,p. 2136 . application, with respect to rates of duty established under this Application of. secti on pursuant t o agreements w ith countries other than C uba, of the provisions of the treaty of commercial reciprocity concluded between the United States and the Republic of Cuba on December 11, 1902, or to preclu de giving effe ct to an excl usive agreeme nt with Cuba concluded under this section, modifying the existing preferen- Pr ooi so. tial customs treatment of any article the growth, produce, or Rate limitation . manufacture of Cuba : Provided, That the duties payable on such an article shall in no case be increased or decreased by more than 50 Duties and other per centum of the duties now payable thereon. import r estrictions" "(c) As used in this section, the term `duties and other import de fin ed. restrictions' includes (1) rate and form of import duties and classi- fication of articles, and (2) limitations, prohibitions, charges, and exactions other than duties, imposed on importation or imposed for Countervailing the regulation of imports ." dut ies . SEC . 2 . (a) Subparagraph (d) of paragraph 369, the last sen- Vol.4s,p. 625 . tence of paragraph 1402, and the pro visos to para graphs 371, 40 1, ofpoduction of cos ts 1650, 1687, and 1803 (1) of the Tariff Act of 1930 are repealed . The Vol. 46, pp. 701, 735- provisions of sections 336 and 516(b) of the Tariff Act of 1930 Not applicable when trade agre ement con- shall not apply to any article with respect to th e importation of cluded . which into the United States a foreign trade agreement has been concluded pursuant to this Act, or to any provision of any such Flour from imported agreement . The third paragraph of section 311 of the Tariff Act wheat ,46, p. 691. of 1930 shall apply to any agreement concluded pursuant to this Act to the extent only that such agreement assures to the United States a rate of duty on wheat flour produced in the United States which is preferential in respect to the lowest rate of duty imposed by the country with which such agreement has been concluded on Payment of duty like flour produced in any other country ; and upon the withdrawal upon withdra wal from bond ed w areho use of wheat flour from bonded manufacturing warehouses for exporta- tion to the country with which such ag reement has be en concluded, there shall be levied, collected, and paid on the imported wheat used, a duty equal to the amoun t of such ass ured preferenc e. Te rm of agreement. (b) Every foreign trade agreement concluded pursuant to this Act shall be subject to termination, upon due notice to the foreign government concerned, at the end of not more than three years from the date on which the agreement comes into force, and, if not then term inat ed, shal l be sub ject to term inat ion ther eaft er u pon not more than six months' notice. ide t s authoi ty. Pres (c) The author ity of the Pr esident to ent er into forei gn trade agreements under section 1 of this Act shall terminate on the expira- tion of three years from the date of the enactment of this Act. Indebtedness of for- SEC. 3 . Nothing in this Act shall be construed to give any author- eign countries to United States . ity to cancel or reduce, in any manner, any of the indebtedness of any foreign country to the United States.