INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [57 STAT. foreign trade agreement that the President has entered into here- under. No proclamation shall be made increasing or decreasing by more than 50 per centum any existing rate of duty or trans- ferring any article between the dutiable and free lists. The pro- claimed duties and other import restrictions shall apply to articles the growth, produce, or manufacture of all foreign countries, whether imported directly, or indirectly: Provided, That the President may suspend the application to articles the growth, produce, or manufacture of any country because of its discrimina- tory treatment of American commerce or because of other acts (including the operations of international cartels) or policies which in his opinion tend to defeat the purposes set forth in this section; and the proclaimed duties and other import restrictions shall be in effect from and after such time as is specified in the proclamation. The President may at any time terminate any such proclamation in whole or in part." WHEREAS the period within which the President of the United States of America is authorized to enter into trade agreements under the said section 350(a) was extended by joint resolutions of Congress approved March 1, 1937, April 12, 1940 and June 7, 1943 (48 Stat. 944; 50 Stat. 24; 54 Stat. 107; Public Law 66, 78th Congress, 57 Ante, p. 125. Stat. ); WHEREAS I, Franklin D. Roosevelt, President of the United States of America, have found as a fact that certain existing duties and other import restrictions of the United States of America and Iceland are unduly burdening and restricting the foreign trade of the United States of America and that the purpose declared in the above-quoted provisions of the Tariff Act of 1930, as amended, will be promoted by a trade agreement between the United States of America and Iceland; WHEREAS reasonable public notice of the intention to negotiate such trade agreement was given and the views presented by persons inter- ested in the negotiation of such agreement were received and considered; WHEREAS, after seeking and obtaining information and advice with respect thereto from the United States Tariff Commission, the Depart- ments of State, Agriculture, and Commerce, and from other sources, I entered into a trade agreement on August 27, 1943, through my duly empowered Plenipotentiary, with His Excellency the Regent of Ice- land, through his duly empowered Plenipotentiary, which agreement, including two schedules annexed thereto, in the English and Icelandic languages, is in words and figures as follows:
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