To amend the Harmonized Tariff Schedule to modify the tariffs on certain wrist watches, and for other purposes.

SECTION 1. MODIFICATION OF DUTIES ON CERTAIN WRIST WATCHES.

    (a) In General.--Chapter 91 of the Harmonized Tariff Schedule of 
the United States is amended--
            (1) by striking subheadings 9102.11.10 and 9102.11.25 and 
        inserting the following new subheadings and superior text 
        thereto, with the superior text to subheading 9102.11.05 having 
        the same degree of indentation as subheading 9102.11.50:


``      ...............  With gold- or        ............  ................  ................  ................
                          silver-plated
                          case:
        9102.11.05          Each valued not   44 cents      Free (AU, BH,     $1.90 each + 45%  ................
                            over $300.         each + 4.9%   CA, CL, D, E,     on the case +
                                                             IL, J, J+, JO,    110% on the
                                                             KR, MA, MX, OM,   strap, band or
                                                             P, PE, R, SG)     bracelet + 35%
                                                                               on the battery
        ...............                       ............  ................  ................
        9102.11.15       Other..............  44 cents      Free (AU, BH,     $1.90 each + 45%  ................
                                               each + 6%     CA, CL, D, E,     on the case +
                                               on the case   IL, J, J+, JO,    110% on the
                                               + 14% on      KR, MA, MX, OM,   strap, band or
                                               the strap,    P, PE, R, SG)     bracelet + 35%
                                               band or                         on the battery
                                               bracelet +
                                               5.3% on the
                                               battery
        ...............  Other:               ............  ................  ................  ................
        9102.11.20         Each valued not    40 cents      Free (AU, BH,     $1.70 each + 45%  ................
                         over $300             each + 5%     CA, CL, D, E,     on the case +
                                                             IL, J, J+, JO,    110% on the
                                                             KR, MA, MX, OM,   strap, band or
                                                             P, PE, R, SG)     bracelet + 35%
                                                                               on the battery
        ...............                       ............  ................  ................
        9102.11.28        Other.............  40 cents      Free (AU, BH,     $1.70 each + 45%  ''; and
                                               each + 8.5%   CA, CL, D, E,     on the case +
                                               on the case   IL, J, J+, JO,    35% on the
                                               + 14% on      KR, MA, MX, OM,   strap, band or
                                               the strap,    P, PE, R, SG)     bracelet + 35%
                                               band or                         on the battery
                                               bracelet +
                                               5.3% on the
                                               battery

            (2) by striking subheadings 9102.11.30 and 9102.11.45 and 
        inserting the following new subheadings and superior text 
        thereto, with the superior text to subheading 9102.11.32 having 
        the same degree of indentation as subheading 9102.11.50:


``      ...............  With gold- or        ............  ................  ................
                          silver-plated
                          case:
        9102.11.32          Each valued not   44 cents      Free (AU, BH,     $1.90 each + 45%  ................
                            over $300.         each + 1.9%   CA, CL, D, E,     on the case +
                                                             IL, J, J+, JO,    35% on the
                                                             KR, MA, MX, OM,   strap, band or
                                                             P, PE, R, SG)     bracelet + 35%
                                                                               on the battery
        ...............                       ............  ................  ................
        9102.11.34       Other..............  44 cents      Free (AU, BH,     $1.90 each + 45%  ................
                                               each + 6%     CA, CL, D, E,     on the case +
                                               on the case   IL, J, J+, JO,    35% on the
                                               + 2.8% on     KR, MA, MX, OM,   strap, band or
                                               the strap,    P, PE, R, SG)     bracelet + 35%
                                               band or                         on the battery
                                               bracelet +
                                               5.3% on the
                                               battery
        ...............  Other:               ............  ................  ................
        9102.11.42         Each valued not    40 cents      Free (AU, BH,     $1.70 each + 45%  ................
                         over $300             each + 2.5%   CA, CL, D, E,     on the case +
                                                             IL, J, J+, JO,    35% on the
                                                             KR, MA, MX, OM,   strap, band or
                                                             P, PE, R, SG)     bracelet + 35%
                                                                               on the battery
        ...............                       ............  ................  ................
        9102.11.44        Other.............  40 cents      Free (AU, BH,     $1.70 each + 45%  ''.
                                               each + 8.5%   CA, CL, D, E,     on the case +
                                               on the case   IL, J, J+, JO,    35% on the
                                               + 2.8% on     MA, MX, OM, P,    strap, band or
                                               the strap,    PE, R, SG) 36     bracelet + 35%
                                               band or       cents each +      on the battery
                                               bracelet +    7.6% on the
                                               5.3% on the   case + 2.5% on
                                               battery       the strap, band
                                                             or bracelet +
                                                             4.7% on the
                                                             battery (KR)

    (b) Staged Rate Reductions.--Any staged reduction of a rate of duty 
proclaimed by the President before the date of enactment of this Act 
that--
            (1) would take effect on or after such date of enactment; 
        and
            (2) would, but for the amendments made by subsection (a), 
        apply to subheading 9102.11.45 of the Harmonized Tariff 
        Schedule of the United States,
applies to the corresponding rate of duty set forth in subheading 
9102.11.44 of such Schedule (as added by subsection (a)).

Summary: Amends the Harmonized Tariff Schedule of the United States to modify the duty treatment of certain wrist watches. Applies to such watches the same staged rate reductions accorded certain other watches.