(1) The President is authorized to take any of the following actions under subsection (a) of this section with respect to any priority foreign country:
(A) termination, withdrawal, or suspension of any portion of any trade agreement entered into with such country under
(i) the Trade Act of 1974 [
19 U.S.C.
2101 et seq.],
(ii) section
1821 of this title, or
(iii) section
1351 of this title,
with respect to any duty or import restriction imposed by the United States on any telecommunications product;
(B) actions described in section 301 of the Trade Act of 1974 [
19 U.S.C.
2411];
(C) prohibition of purchases by the Federal Government of telecommunications products of such country;
(D) increases in domestic preferences under title III of the Act of March 3, 1933 (
41 U.S.C.
10a, et seq.) for purchases by the Federal Government of telecommunications products of such country;
(E) suspension of any waiver of domestic preferences under title III of the Act of March 3, 1933 (
41 U.S.C.
10a, et seq.) which may have been extended to such country pursuant to the Trade Agreements Act of 1979 with respect to telecommunications products or any other products;
(F) issuance of orders to appropriate officers and employees of the Federal Government to deny Federal funds or Federal credits for purchases of the telecommunications products of such country; and
(G) suspension, in whole or in part, of benefits accorded articles of such country under title V of the Trade Act of 1974 (
19 U.S.C.
2461, et seq.).
(2) Notwithstanding section 125 of the Trade Act of 1974 [
19 U.S.C.
2135] and any other provision of law, if any portion of a trade agreement described in paragraph (1)(A) is terminated, withdrawn, or suspended under paragraph (1) with respect to any duty imposed by the United States on the products of a foreign country, the rate of such duty that shall apply to such products entered, or withdrawn from warehouse for consumption, after the date on which such termination, withdrawal, or suspension takes effect shall be a rate determined by the President.