Page:United States Statutes at Large Volume 55 Part 2.djvu/446

 1320 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [55 STAT. any foreign trade agreement that the President has entered into hereunder. No proclamation shall be made increasing or de- creasing by more than 50 per centum any existing rate of duty or transferring any article between the dutiable and free lists. The proclaimed duties and other import restrictions shall apply to articles the growth, produce, or manufacture of all foreign countries, whether imported directly, or indirectly: Provided, That the President may suspend the application to articles the growth, produce, or manufacture of any 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 as is specified in the proclamation. The President may at any time terminate any such proclamation in whole or in part." WHEREAS, pursuant to the said Tariff Act of 1930, as amended, a Trade Agreement was entered into between the United States of America and Canada on November 17, 1938,[ 1] which Agreement I did proclaim and make public by my proclamations of November 25, 1938 and June 17, 1939, and which Agreement is now in force between the two countries; WHEREAS, pursuant to the said Tariff Act of 1930, as amended, I did proclaim and make public on December 30, 1939, a Trade Agreement between the United States of America and Canada,[2] which was entered into on the same day, to supplement and amend the said Trade Agreement of November 17, 1938 between the two countries; WHEREAS I, Franklin D. Roosevelt, President of the United States of America, have found as a fact that certain existing import restric- tions of the United States of America are unduly burdening and restricting the foreign trade of the United States of America and that the purpose declared in the above-quoted provisions of the Tariff Act of 1930, as amended, will be promoted by a trade agreement to replace the supplementary Trade Agreement entered into between the United States of America and Canada on December 30, 1939; WHEREAS, reasonable public notice of the intention to negotiate such an agreement was given and the views presented by persons interested in the negotiation of such agreement were received and considered; WHEREAS, after seeking and obtaining information and advice with respect thereto from the United States Tariff Commission, the Departments of State, Agriculture, and Commerce, and from other sources, I entered into a Trade Agreement on December 13, 1940, through my duly empowered Plenipotentiary, with His Majesty the King of Great Britain, Ireland and the British dominions beyond the Seas, Emperor of India, in respect of Canada, through his duly empowered Plenipotentiary, to replace the supplementary Trade Agreement entered into between the United States of America and I [Executive Agreement Series 149; 53 Stat. 2348.] ' [Executive Agreement Series 184; 54 Stat. 2413.]

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