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PROCLAMATION 4279-MAR. 29, 1974 Proclamation 4279

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[88

STAT.

March 29, 1974

Modification of Trade Agreement Concessions and Adjustment of Duty on Certain Ball Bearings

By the President of the United States of America A Proclamation u s e prec. title 1.

19 USC 1202.

1. WHEREAS, pursuant to the authority vested in him by the Constitution and the statutes, including section 350 of the TarijRf Act of 1930, as amended (19 U.S.C. 1351), and section 201 of the Trade Expansion Act of 1962 (19 U.S.C. 1821) ( T E A), the President, by proclamations, including Proclamation No. 3822 of December 16, 1967 (82 Stat. 1455), proclaimed such modifications of existing duties as were found to be required or appropriate to carry out certain trade agreements into which he had entered; 2. WHEREAS among the proclaimed modifications were modifications in the rate of duty on ball bearings which are now provided for in item 680.35 of the Tariff Schedules of the United States ( T S U S); 3. WHEREAS the United States Tariff Commission has submitted to me a report of its Investigation No. TEA-1-27 of July 30, 1973 under section 301(b)(1) of the TEA (19 U.S.C. 1901) and a supplemental report with respect to such investigation pursuant to my request for additional information under section 351(a)(4) of the TEA (19 U.S.C. 1981(a)(4)), on the basis of which investigation and a hearing duly held in connection therewith the said Commission has determined in part that radial ball bearings having an outside diameter of 9 mm and over but not over 100 mm, provided for in TSUS item 680.35 are, as a result in major part of concessions granted thereon under trade agreements, being imported in such increased quantities as to cause serious injury to the domestic industry producing like or directly competitive products; 4. WHEREAS section 302(a)(1) and section 351(a)(1) of the TEA (19 U.S.C. 1902(a)(1) and 19 U.S.C. 1981 (a)(1)) authorize the President, upon receiving an affirmative finding of the Tariff Commission under section 301(b) of the TE/V with respect to an industry, to proclaim such increase in, or imposition of, any duty or other import restriction on the articles causing or threatening to cause serious injury to such industry as he determines to be necessary to prevent or remedy serious injury to such industry;

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