ExecutiveOrdersEO
Proc 6740ProclamationClinton · D Quiet signal

Proclamation 6740

To Establish Tariff-Rate Quotas on Certain Wheat

President Clinton established tariff-rate quotas on certain wheat imports under Section 22 of the Agricultural Adjustment Act, following an International Trade Commission investigation. The quotas impose higher over-quota duties on durum wheat exceeding 450 million kg and other wheat/meslin exceeding 1.05 billion kg during the quota year running September 12, 1994 to September 11, 1995, with lower in-quota rates for quantities below those thresholds.

Federal Register 59 FR 52399
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Impact dates

  1. Quota year closes unless suspended, modified, or terminated

  2. Quota effective date for entries/withdrawals from warehouse

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Agriculture

Mechanisms

QuotaTariff

Role pressure

  • ProtectiveDomestic producer — Quota shields US wheat price support program from import surge, particularly from Canada
  • AdverseImporter — Over-quota duties increase costs for wheat imports above threshold quantities; limits supply flexibility
  • AdverseTrading-partner exporter — Canadian wheat exports face restricted access above quota thresholds; explicit finding targets Canadian program changes
  • ProtectiveTrading-partner exporter — Mexican qualifying goods exempted from quota treatment, preserving preferential access

Geographies

USCAMX

Exposure dates

  • — Quota effective date for entries/withdrawals from warehouse
  • — Quota year closes unless suspended, modified, or terminated

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

ADMArcher Daniels MidlandBGBungeCATCaterpillarCTVACortevaTSNTyson Foods

Confidence: high · Policy alerts

Key directives

  • Establish tariff-rate quotas on wheat classified in HTS heading 1001
  • Modify subchapter IV of chapter 99 of HTS per Annex
  • Apply in-quota rate to durum wheat between 300M-450M kg; over-quota rate above 450M kg
  • Apply over-quota rate to other wheat/meslin above 1,050M kg
  • Exempt qualifying goods of Mexico and seed wheat/white winter wheat from quota treatment

Who is ordered

Timeline

Immediate

  • Proclamation effective for entries on/after September 12, 1994

Near term (90d)

  • Quota year runs through September 11, 1995

Long term

  • Potential for suspension, modification, or termination of quotas; possible extension or revision based on program effectiveness

Risks & tensions

  • Potential US-Canada trade friction given explicit finding that Canadian imports increased due to changed wheat support programs
  • Mexico exemption reflects NAFTA commitments, creating asymmetry with Canadian treatment
  • Retroactive effective date (September 12, 1994) predates signing by one month, creating implementation complexity
Proclamation 6740: To Establish Tariff-Rate Quotas on Certain Wheat · Executive Orders