SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pipe and Tube Inverted Tariff 
Correction Act of 1993''.

SEC. 2. NONALLOY IRON AND STEEL PIPES AND TUBES.

    (a) The superior article description for subheadings 7306.30.30 and 
7306.30.50 of the Harmonized Tariff Schedule of the United States (19 
U.S.C. 3007) is amended to read as follows: ``Having a wall thickness 
of 1.65 mm or more, not galvanized''.
    (b) Subheadings 7306.30.30 and 7306.30.50 of such Schedule are 
redesignated as subheadings 7306.30.35 and 7306.30.55, respectively.
    (c) Subheadings 7306.10.10, 7306.20.60, 7306.30.55 (as redesignated 
by subsection (b)), and 7306.90.10 of such Schedule are each amended--
            (1) by striking ``1.9%'' in the General subcolumn of the 
        column 1 rate of duty and inserting ``4.9%''; and
            (2) by striking ``5.5%'' in the column 2 rate of duty and 
        inserting ``20%''.
    (d) Subheadings 7306.20.20 and 7306.60.10 of such Schedule are each 
amended--
            (1) by striking ``0.5%'' in the General subcolumn of the 
        column 1 rate of duty and inserting ``4.9%''; and
            (2) by striking ``1%'' in the column 2 rate of duty and 
        inserting ``20%''.
    (e) Chapter 73 of such Schedule is amended by inserting in 
numerical sequence the following new subheading having the same degree 
of indentation as the superior text for subheadings 7306.30.35 and 
7306.30.55 (as redesignated by subsection (b)):

      

       ``  7306.30.60      Having a wall thickness of                       Free (C, E, IL)  21.5%              
                            1.65 mm or more, galvanized..  6.5%              1.1% (CA)                        ''

SEC. 3. ALLOY IRON AND STEEL PIPES AND TUBES.

    Subheadings 7306.50.50 and 7306.90.50 of the Harmonized Tariff 
Schedule of the United States are each amended--
            (1) by striking ``4.9%'' in the General subcolumn of the 
        column 1 rate of duty and inserting ``9.5%''; and
            (2) by striking ``10%'' in the column 2 rate of duty and 
        inserting ``28%''.

SEC. 4. STAINLESS STEEL PIPES AND TUBES.

    (a) Subheading 7306.40.10 of the Harmonized Tariff Schedule of the 
United States is amended by striking ``7.6%'' in the General subcolumn 
of the column 1 rate of duty and inserting ``10.1%''.
    (b) Subheading 7306.40.50 of such Schedule is amended--
            (1) by striking ``5%'' in the General subcolumn of the 
        column 1 rate of duty and inserting ``10.1%''; and
            (2) by striking ``11%'' in the column 2 rate of duty and 
        inserting ``29%''.

SEC. 5. NEGOTIATING AUTHORITY.

    In the event that a claim for compensation under any provision of 
the General Agreement on Tariffs and Trade or any other trade agreement 
to which the United States is a party is made by any Contracting Party 
to that agreement as a result of the amendments made by this Act, the 
United States Trade Representative is authorized to negotiate such 
reasonable compensation as may be appropriate.

SEC. 6. APPLICABILITY OF STAGED RATE REDUCTIONS UNDER THE UNITED 
              STATES-CANADA FREE-TRADE AGREEMENT.

    (a) Any staged reduction of a special rate of duty set forth in 
subheading 7306.30.30 of the Harmonized Tariff Schedule of the United 
States that is proclaimed pursuant to the United States-Canada Free-
Trade Agreement shall also apply to the corresponding special rate of 
duty set forth in subheading 7306.30.35 of such Schedule.
    (b) Any staged reduction of a special rate of duty set forth in 
subheading 7306.30.50 of the Harmonized Tariff Schedule of the United 
States that is proclaimed pursuant to the United States-Canada Free-
Trade Agreement shall also apply to the corresponding special rate of 
duty set forth in subheading 7306.30.55 of such Schedule.
    (c) Any staged reduction of a special rate of duty set forth in 
subheading 7306.30.55 of the Harmonized Tariff Schedule of the United 
States (as redesignated by subsection (a)(2)) that is proclaimed 
pursuant to the United States-Canada Free-Trade Agreement shall also 
apply to the corresponding special rate of duty set forth in subheading 
7306.30.60 of such Schedule.

SEC. 7. EFFECTIVE DATE.

    Except as provided in section 8, the amendments made by sections 2, 
3, and 4, shall apply with respect to goods entered, or withdrawn from 
warehouse for consumption, on the earlier of--
            (1) the date on which the President enters into a 
        multilateral trade agreement negotiated through the Uruguay 
        Round under the General Agreement on Tariffs and Trade; or
            (2) January 1, 1994.

SEC. 8. WAIVER.

    In the event that--
            (1) negotiations on market access and tariffs in the 
        General Agreement on Tariffs and Trade provide for a tariff 
        rate elimination schedule on steel products that will remove 
        the tariff rate inversion on certain pipe and tube products; 
        and
            (2) the President or the United States Trade Representative 
        certifies in writing to the Committee on Ways and Means of the 
        House of Representatives and the Committee on Finance of the 
        Senate that such schedule will eliminate such tariff inversion;
the provisions of this Act shall not apply.
Pipe and Tube Inverted Tariff Correction Act of 1993 - Amends the Harmonized Tariff Schedule of the United States to revise a specified subheading relating to nonalloy iron and steel pipes and tubes to include non-galvanized forms of such products.  Increases the duty on certain other iron and steel pipes and tubes. 
Imposes a duty on galvanized nonalloy iron and steel pipes and tubes having a specified thickness. 
Increases the duty on certain stainless steel pipes and tubes. 
Authorizes the U.S. Trade Representative to negotiate compensation for claims made pursuant to the General Agreement on Tariffs and Trade, or any other trade agreement to which the United States is a party, as a result of the amendments made by this Act. 
Declares that any staged reduction in the rate of duty that is proclaimed pursuant to the United States-Canada Free-Trade Agreement shall apply to such products. 
Sets forth certain waiver requirements with respect to the applicability of the provisions of this Act.
Pipe and Tube Inverted Tariff Correction Act of 1993