ExecutiveOrdersEO
Proc 7505ProclamationG.W. Bush · R Quiet signal

Proclamation 7505

To Modify the Tariff-Rate Quota Applicable to Imports of Steel Wire Rod

President Bush modified a tariff-rate quota on steel wire rod imports originally imposed by President Clinton in 2000, allocating the in-quota quantity among supplier countries. The modifications took effect November 23, 2001 and were scheduled to continue through March 1, 2003, with a deletion provision for March 1, 2004 or one year after relief closes.

Federal Register Open PDF 66 FR 59353

Impact dates

  1. U.S. note and tariff provisions deleted from HTS (or alternative date one year from close of relief)

  2. TRQ relief scheduled to close unless earlier modified or terminated

  3. HTS modifications effective for goods entered or withdrawn from warehouse

Key directives

  • Allocate in-quota TRQ quantity among supplier countries per Annex
  • Modify HTS subchapter III of chapter 99
  • Supersede inconsistent prior proclamations and Executive Orders
  • Delete U.S. note and tariff provisions March 1, 2004 or one year from close of relief

Timeline

Immediate

  • HTS modifications effective for goods entered after November 23, 2001

Near term (90d)

  • TRQ allocation system operational for in-quota imports

Long term

  • Provisions continue through March 1, 2003; automatic deletion March 1, 2004 or one year from close of relief

Risks & tensions

  • Trade tension with affected supplier countries over quota allocation fairness
  • Potential WTO compliance concerns given safeguard measure modifications
  • Uncertainty around 'such other date' language for deletion creates implementation ambiguity
Proclamation 7505: To Modify the Tariff-Rate Quota Applicable to Imports of Steel Wire Rod · Executive Orders