RESERVATION OF ARTICLES FROM NEGOTIATIONS.

SEC. 225. RESERVATION OF ARTICLES FROM NEGOTIATIONS. (a) While there is in effect with respect to any article any action taken under— (1) section 232, 351, or 352, (2) section 2(b) of the Act entitled “An Act to extend the authority of the President to enter into trade agreements under section 350 of the Tariff Act of 1930, as amended”, approved July 1, 1954 (19U.S.C., sec. 1352a), or (3) section 7 of the Trade Agreements Extension Act of 1951 (19 U.S.C., sec. 1364), the President shall reserve such article from negotiations under this title for the reduction of any duty or other import restriction or the elimination of any duty. (b) During the 5-year period which begins on the date of the enactment of this Act, the President shall reserve an article (other than an article which, on the date of the enactment of this Act, was described in subsection (a) (3)) from negotiation under this title for the reduction of any duty or other import restriction or the elimination of any duty where— (1) pursuant to section 7 of the Trade Agreements Extension Act of 1951 (or pursuant to a comparable Executive Order), the Tariff Commission found by a majority of the Commissioners voting that such article was being imported in such increased quantities as to cause or threaten serious injury to an industry, (2) such article is included in a list furnished to the Tariff Commission pursuant to section 221 (and has not been included in a prior list so furnished), and (3) upon request on behalf of the industry, made not later than 60 days after the date of the publication of such list, the Tariff Commission finds and advises the President that economic conditions in such industry have not substantially improved since the date of the report of the finding referred to in paragraph (1). (c) In addition to the articles described by subsections (a) and (b), the President shall also so reserve any other article which he determines to be appropriate, taking into consideration the advice of the Tariff Commission under section 221(b), any advice furnished to him under section 222, and the summary furnished to him under section 223.