Imposition of additional duties on imports of goods into the United States

(a) In general There shall be imposed a duty on imports of any good into the United States in an amount equal to 10 percent ad valorem of the good for each calendar year beginning on or after the date of the enactment of this Act. (b) Duties To be considered additional duties The duty required by subsection (a) with respect to a good is in addition to any other duty imposed by law with respect to the good. (c) Waiver (1) In general Subject to paragraph (2), the President may reduce the percentage requirement in subsection (a) (but not to zero) with respect to goods in any economic sector of the United States if the President determines that such reduction is in the national interest or national security interest of the United States. (2) Congressional consultation The President shall consult with the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate prior to exercising the authority of paragraph (1) for purposes of determining whether the economic sector that is to be the subject of the reduction of the percentage requirement in subsection (a) is appropriate.