ExecutiveOrdersEO
MemoMemorandumClinton · D

Presidential Memorandum

Delegation of Authority Under Section 321(c) of the North American Free Trade Agreement Implementation Act

President Clinton delegated to the U.S. Trade Representative the presidential authority to administer tariff rate quotas for tomatoes under NAFTA, with instructions to consult relevant agencies and White House economic and security councils.

Federal Register Open PDF 60 FR 63391

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Agriculture

Mechanisms

Quota

Role pressure

  • ProtectiveDomestic producer — Tariff rate quotas limit import volumes, protecting U.S. tomato growers from Mexican competition
  • AdverseImporter — TRQs restrict quantity of tomatoes that can enter at preferential rates, creating cost and supply uncertainty
  • AdverseTrading-partner exporter — Mexican tomato exporters face quantity restrictions and potential higher tariff rates above quota thresholds

Geographies

USMX

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

ADMArcher Daniels MidlandBGBungeCATCaterpillarCTVACortevaTSNTyson Foods

Confidence: high · Policy alerts

Key directives

  • Delegate to USTR powers vested in President by section 321(c) of NAFTA Implementation Act regarding tomato tariff rate quotas
  • USTR shall consult with interested agencies, National Economic Council, and National Security Council
  • Publish memorandum in Federal Register

Who is ordered

Timeline

Immediate

  • Delegation of authority to USTR takes effect upon signing

Near term (90d)

—

Long term

  • Ongoing administration of tomato tariff rate quotas under NAFTA

Risks & tensions

  • Tariff rate quotas for tomatoes were a sensitive NAFTA agricultural issue with recurring U.S.-Mexico disputes
  • Delegation to USTR rather than presidential retention may reflect desire for technical management of politically charged trade barrier
Presidential Memorandum: Delegation of Authority Under Section 321(c) of the North American Free Trade Agreement Implementation Act · Executive Orders