Subject to the provisions of section 2435(c) of this title, the President may by proclamation extend nondiscriminatory treatment
to the products of a foreign country which has entered into a bilateral commercial
agreement referred to in section 2435 of this title.
(b)Limitation on period of effectiveness
The application of nondiscriminatory treatment shall be limited to the period of effectiveness
of the obligations of the United States to such country under such bilateral commercial
agreement. In addition, in the case of any foreign country receiving nondiscriminatory treatment
pursuant to this subchapter which has entered into an agreement with the United States
regarding the settlement of lendlease reciprocal aid and claims, the application of
such nondiscriminatory treatment shall be limited to periods during which such country
is not in arrears on its obligations under such agreement.
(c)Suspension or withdrawal of extensions of nondiscriminatory treatment
The President may at any time suspend or withdraw any extension of nondiscriminatory
treatment to any country pursuant to subsection (a) and thereby cause all products
of such country to be dutiable at the rates set forth in rate column numbered 2 of
the Harmonized Tariff Schedule of the United States.
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