(a) General Authority.—On receiving satisfactory proof from the government of a foreign country that it has suspended, in any part, the imposition of discriminating duties for any class of vessels owned by citizens of the United States or goods imported in those vessels, the President may proclaim a reciprocal suspension of discriminating duties for the same class of vessels owned by citizens of that country or goods imported in those vessels.
(b) Effective and Expiration Dates.—A suspension under this section takes effect retroactively from the date the President received the proof from the foreign government, and expires when that government stops granting the reciprocal suspension.
Structure US Code
Subtitle VI— Clearance, Tonnage Taxes, and Duties
CHAPTER 605— DISCRIMINATING DUTIES AND RECIPROCAL PRIVILEGES
§ 60501. Vessels allowed to import
§ 60502. Discriminating duty on goods imported in foreign vessels or from contiguous countries
§ 60503. Reciprocal suspension of discriminating duties
§ 60504. Reciprocal privileges for recreational vessels
§ 60505. Retaliatory suspension of commercial privileges
§ 60506. Retaliation against British dominions of North America
§ 60507. Suspension of free passage through Saint Marys Falls Canal