Proc. 7273 Title 3--The President Trade Act (19 U.S.C. 2253(a)(1)(A)), I have further determined that this ac- tion will facilitate efforts by the domestic industry to make a positive ad- iustment to import competition and provide greater economic and social benefits than costs. 7. Section 604 of the Trade Act, as amended (19 U.S.C. 2483), authorizes the President to embody in the HTS the substance of the relevant provi- sions of that Act, and of other acts affecting import treatment, and actions thereunder, including the removal, modification, continuance, or imposi- tion of any rate of duty or other import restriction. NOW, THEREFORE, I, WILLIAM ]. CLINTON, President of the United States of America, acting under the authority vested in me by the Constitu- tion and the laws of the United States of America, including but not lim- ited to sections 203 and 604 of the Trade Act, do proclaim that: (\177) In order to establish a tariff-rate quota on imports of steel wire rod (other than excluded products), classified in HTS subheadings 72\1773.9% 7213.99, 7227.20 and 7227.90.60, subchapter III of chapter 99 of the HTS is modified as provided in the Annex to this proclamation. (2) Such imported steel wire rod that is the product of Mexico or of Can- ada shall be excluded from the tariff-rate quota established by this procla- mation, and such imports shall not be counted toward the tariff-rate quota limits that trigger the over-quota rates of duty. (3) I hereby suspend, pursuant to section 503(c)(\177) of the Trade Act (\1779 U.S.C. 2463(c)(\177)), duty-free treatment for steel wire rod the product of ben- eficiary countries under the Generalized System of Preferences (GSP) (Title V of the Trade Act, as amended (\1779 U.S.C. 2461-2467)); pursuant to section 213(e)(1) of the Caribbean Basin Economic Recovery Act, as amended (CBERA) (19 U.S.C. 2703(e)(1)), duty-free treatment for steel wire rod the product of beneficiary countries under that Act (19 U.S.C. 270\177-2707); pur- suant to section 204(d)(\177) of the Andean Trade Preference Act, as amended (ATPA)(\1779 U.S.C. 3203(d)(\177)), duty-free treatment for steel wire rod the product of beneficiary countries under that Act (19 U.S.C. 320\177-3206); and pursuant to section 403(a) of the Trade and Tariff Act of 1984 (19 U.S.C. 2\17712 note), duty-free treatment for steel wire rod the product of Israel under the United States-Israel Free Trade Area Implementation Act of \177985 (the "IFTA Act") (\1779 U.S.C. 2\1772 note), to the extent necessary to apply the tariff-rate quota to those products, as specified in the Annex to this proclamation. (4) During each of the first three quarters of a quota year, any articles subiect to the tariff-rate quota that are entered, or withdrawn from ware- house for consumption, in excess of one-third of the annual within-quota quantity for that quota year (as specified in the Annex to this proclamation) shall be subiect to the over-quota rate of duty then in effect. During the fourth quarter of a quota year, any articles subiect to the tariff-rate quota that are entered, or withdrawn from warehouse for consumption, in excess of the remaining quantity of the annual within-quota quantity for that quota year shall be subiect to the over-quota rate of duty then in effect. The re- maining quantity shall be determined by subtracting the total quantity of goods entered at the in-quota rate during the first three quarters of the quota year from the annual within-quota quantity for that quota year. 26
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