Page:United States Statutes at Large Volume 49 Part 2.djvu/1749

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RECIPROCAL 'fRADE-S'VEDEN. MAY 25, 1935. 3755 Agreement between tlte United States oj America and Sweden respecting __~~¥_~~_._ reciprocal trade. Signed at lVashington, Alay 25, 1935; approt'ed by the President of the United States, June 12, 1935; ratified bll the King of Sweden, June 15, 1935; instrument of approval and instru- ment of ratification exchanged at Stockholm, July 6, 1935; proclaimed July 8, 1935; effective, August 5, 1935. By THE PRESIDENT OF THE UNITED STATES OF A:\lERICA A PROCLA~1ATION WHEREAS it is provided in the Tariff Act of 1930 of the Congress lU!18:55, 19 November 2014 (UTC)~'i:hr '§~: of the United States of America, as amended by the Act of June 12, de~~l. 4fl, p. 7~; Vol. 1934, entitled "AN ACT To Amend the Tariff Act of 1930" (48 Stat. 48.p.9~3. 943), as follows: "Sec. 350. (a) For the purpose of expanding foreign markets for Statutoryprovi£ions. the products of the United States (as a means of assisting in the pres- ent emergency in restoring the American standard of living, in overcoming domestic unemployment and the present economic de- pression, in increasing the purchasing power of the American public, and in establishing and maintaining a better relationship among various branches of American agriculture, industry, mining, and commerce) by regulating the admission of foreign goods into the United States in accordance with the characteristics and needs of various branches of American production so that foreign markets will be made available to those branches of American production which require and are capable of developing such outlets by afford- ing corresponding market opportunities for foreign products in the United States, the President, whenever he finds as a fact that any existing duties or other import restrictions of the United States or any foreign country are unduly burdening and restricting the foreign trade of the United States and that the purpose above declared will be promoted by the means hereinafter specified, is authorized from time to time- . "(1) To enter into foreign trade agreements with foreign govern- ments or instrumentalities thereof; and "(2) To proclaim such modifications of existing duties and other import restrictions, or such additional import restrictions, or such continuance, and for such minimum periods, of existing customs or excise treatment of any article coyered by foreign trade agreements, as are required or appropriate to carry out any foreign trade agree- ment that the President has entered into hereunder. No proclama- tion shall be made increasing or decreasing by more than 50 per cen- tum any existing rate of duty or transferring any article between the dutiable and free lists. The proclaimed duties and other import re- strictions shall apply to 8,rticles the growth, produce, or manufacture of all foreign countries, whether imported directly, or indirectly: Provided, That the President may suspend the application to arti- cles the growth, produce, or manufacture of any country because of its discriminatory treatment of American commerce or because of