Trade Enhancement Act of 1985

Summary

Trade Enhancement Act of 1985 - Imposes a surcharge duty on imports from Japan if the United States had a deficit in its bilateral merchandise trade with Japan of more than $4,250,000,000 for the most recent calendar quarter. Authorizes the President to impose a surcharge duty on imports from any other country if: (1) the United States had a deficit in its bilateral merchandise trade with such country that exceeded a specified amount for the most recent quarter; and (2) the President determines, after consultation with the U.S. Trade Representative (USTR), that such country is or has, within the most recent calendar quarter, engaged in unfair traced practices. Requires the USTR to determine the quarterly trade balance of each country other than Japan. Requires the amount of a surcharge duty to be determined at the start of each quarter. Sets forth the formula for determining the amount of such surcharge. Directs the Secretary of Commerce to calculate and publish the bilateral merchandise trade figures for the United States with respect to trade with each foreign country. Excludes from such calculation products which are sold to a government or private entity of a foreign country and then resold to the government of another country or to a private entity located in another country within two fiscal years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 April 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 16 April 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 19 April 1985

   Committee

   Committee on Finance requested executive comment from OMB, International Trade Commission, Office of the U.S. Trade Representative, Treasury Department, State Department, Commerce Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 16 April 1985

  Open at official source

Sponsors

• Sen. Gorton, Slade [R-WA] · R · Sponsor
• Sen. Thurmond, Strom [R-SC] · R · Sponsor
• Sen. Heinz, John [R-PA] · R · Cosponsor
• · ssfi00 · Standing

Related records

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