Title 19 › Chapter 12— TRADE ACT OF 1974 › Subchapter IV— TRADE RELATIONS WITH COUNTRIES NOT RECEIVING NONDISCRIMINATORY TREATMENT › Part 1— Trade Relations With Certain Countries › § 2437
When the President decides to extend equal trade treatment to another country's products, the President must quickly send both the House and the Senate a paper that includes the proclamation, the proposed agreement to make it work, and the reasons for doing it. The President must also send both Houses his initial report about any country the government calls a "nonmarket economy," and must send the required report each year on or before December 31. A proclamation and its agreement only take effect if Congress enacts a joint resolution that approves the extension. If Congress enacts a joint resolution disapproving a President’s report within 90 days of delivery, then starting the day after the 60-day period after that enactment: equal treatment ends, the country’s products are taxed at the rates in rate column numbered 2 of the Harmonized Tariff Schedule of the United States, the country cannot get U.S. credit or investment guarantees, and no commercial agreement can be made under this law. If the President vetoes the disapproval, it will count as enacted before the end of the 90-day period only if both Houses vote to override the veto on or before the later of the last day of that 90-day period or the last day of the 15-day period that begins when Congress gets the veto message (excluding certain days defined elsewhere).
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Customs Duties — Source: USLM XML via OLRC
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Citation
19 U.S.C. § 2437
Title 19 — Customs Duties
Last Updated
Apr 5, 2026
Release point: 119-73not60