Title 19 › Chapter CHAPTER 12— - TRADE ACT OF 1974 › Subchapter SUBCHAPTER IV— - TRADE RELATIONS WITH COUNTRIES NOT RECEIVING NONDISCRIMINATORY TREATMENT › Part Part 1— - Trade Relations With Certain Countries › § 2437
When the President makes an official announcement under section 2434 to give a foreign country equal trade treatment for its products, he must quickly send Congress the announcement, the agreement it would put into effect, and his reasons. He must also send Congress the first report he files under section 2432(b) or 2439(b) for a nonmarket-economy country, and a report every year on or before December 31 under those same sections. The announcement and agreement only take effect if Congress passes the joint resolution described in section 2191(b)(3) and it becomes law. If Congress passes the disapproval joint resolution described in section 2192(a)(1)(B) within 90 days after Congress gets the President’s report, then starting the day after a 60-day waiting period from when that resolution becomes law, the country loses equal trade treatment. Its goods will be charged the rates in rate column numbered 2 of the Harmonized Tariff Schedule of the United States, it cannot get U.S. government credit or investment guarantees, and no commercial agreement may be made with it under this part. If the President vetoes the disapproval, Congress can override the veto; the veto is treated as overridden in time only if both Houses vote to override by the later of the last day of the 90-day period or the last day of the 15-day period (excluding days under section 2194(b)) after Congress gets the veto message.
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Customs Duties — Source: USLM XML via OLRC
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19 U.S.C. § 2437
Title 19 — Customs Duties
Last Updated
Apr 6, 2026
Release point: 119-73