View all text of Part 1 [§ 2131 - § 2138]
§ 2135. Termination and withdrawal authority
(a) Grant of authority for termination or withdrawal at end of period specified in agreement
(b) Authority to terminate proclamations at any time
(c) Increased duties or other import restrictions following withdrawal, suspension, or modification of obligations with respect to trade of foreign countries or instrumentalities
(d) Retaliatory authority
Whenever any foreign country or instrumentality withdraws, suspends, or modifies the application of trade agreement obligations of benefit to the United States without granting adequate compensation therefor, the President, in pursuance of rights granted to the United States under any trade agreement and to the extent necessary to protect United States economic interests (including United States balance of payments), may—
(1) withdraw, suspend, or modify the application of substantially equivalent trade agreement obligations of benefit to such foreign country or instrumentality, and
(2) proclaim under subsection (c) such increased duties or other import restrictions as are appropriate to effect adequate compensation from such foreign country or instrumentality.
(e) Continuation of duties or other import restrictions after termination of or withdrawal from agreements
(f) Public hearings
(Pub. L. 93–618, title I, § 125, Jan. 3, 1975, 88 Stat. 1991.)