**(a) Determination by President; trade agreements; modification or continuance of existing duties** Whenever the president determines that any existing duties or other import restrictions of any foreign country or the United States are unduly burdening and restricting the foreign trade of the United States and that any of the purposes stated in [section 1801 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title19-section1801&num=0&edition=prelim) will be promoted thereby, the President may—
(1) after June 30, 1962, and before July 1, 1967, enter into trade agreements with foreign countries or instrumentalities thereof; and
(2) proclaim such modification or continuance of any existing duty or other import restriction, such continuance of existing duty-free or excise treatment, or such additional import restrictions, as he determines to be required or appropriate to carry out any such trade agreement.
**(b) Restrictions on decrease or increase in rate of duty** Except as otherwise provided in this subchapter, no proclamation pursuant to subsection (a) shall be made—
(1) decreasing any rate of duty to a rate below 50 percent of the rate existing on July 1, 1962; or
(2) increasing any rate of duty to (or imposing) a rate more than 50 percent above the rate existing on July 1, 1934.
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Stable record: federal_law:legal_authorities:record_usc_a5fc3daa8f87bee40686c6ab Source file: Laws/federal/codes/united-states-code/title-19/section-1821-basic-authority-for-trade-agreements--19314ff890.md Pages: Not recorded – Not recorded Passage SHA-256: a72c5a5c847a1311e8dae3a8b5eee6c24462c3af2832db02b59b3bef6bfd53d5 Retained source evidence SHA-256: 86f1b7dd1588014800deb2778eec251ba71e7ab4f61776b4e7ac397dfd7aca85
Source location: Title 19, Chapter 7, § 1821; chapter-007-trade-expansion-program.md
Stored source content
**(a) Determination by President; trade agreements; modification or continuance of existing duties** Whenever the president determines that any existing duties or other import restrictions of any foreign country or the United States are unduly burdening and restricting the foreign trade of the United States and that any of the purposes stated in [section 1801 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title19-section1801&num=0&edition=prelim) will be promoted thereby, the President may—
(1) after June 30, 1962, and before July 1, 1967, enter into trade agreements with foreign countries or instrumentalities thereof; and
(2) proclaim such modification or continuance of any existing duty or other import restriction, such continuance of existing duty-free or excise treatment, or such additional import restrictions, as he determines to be required or appropriate to carry out any such trade agreement.
**(b) Restrictions on decrease or increase in rate of duty** Except as otherwise provided in this subchapter, no proclamation pursuant to subsection (a) shall be made—
(1) decreasing any rate of duty to a rate below 50 percent of the rate existing on July 1, 1962; or
(2) increasing any rate of duty to (or imposing) a rate more than 50 percent above the rate existing on July 1, 1934.
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
§ 1821. Basic authority for trade agreements
(a) Determination by President; trade agree-
ments; modification or continuance of exist-
ing duties
Whenever the president determines that any
existing duties or other import restrictions of
any foreign country or the United States are un-
duly burdening and restricting the foreign trade
of the United States and that any of the pur-
poses stated in section 1801 of this title will be
promoted thereby, the President may—
(1) after June 30, 1962, and before July 1, 1967,
enter into trade agreements with foreign
countries or instrumentalities thereof; and
(2) proclaim such modification or continu-
ance of any existing duty or other import re-
striction, such continuance of existing duty-
free or excise treatment, or such additional
import restrictions, as he determines to be re-
quired or appropriate to carry out any such
trade agreement.
(b) Restrictions on decrease or increase in rate
of duty
Except as otherwise provided in this sub-
chapter, no proclamation pursuant to subsection
(a) shall be made—
(1) decreasing any rate of duty to a rate
below 50 percent of the rate existing on July 1,
1962; or
(2) increasing any rate of duty to (or impos-
ing) a rate more than 50 percent above the rate
existing on July 1, 1934.
(Pub. L. 87–794, title II, § 201, Oct. 11, 1962, 76
Stat. 872.)
Statutory Notes and Related Subsidiaries
WOOD-WIND AND PARTS OF WOOD-WIND INSTRUMENTS
Pub. L. 90–234, § 2(b)(2), Dec. 30, 1967, 81 Stat. 752, pro-
vided that: ‘‘The amendments made by the first section
of this Act, insofar as such amendments relate to items
725.24 and 726.70 of the Tariff Schedules of the United
States, shall not affect the authority of the President
contained in section 201(a)(2) of the Trade Expansion
Act