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Federal Register / Vol. 86, No. 49 / Tuesday, March 16, 2021 / Notices permit unfair discrimination between customers, issuers, brokers, or dealers.
The Commission notes that the proposed rule change will bring the Exchanges handling of deficiencies in a Companys compliance with LTSE Rule 14.425 into alignment with its handling of deficiencies in a Companys compliance with other LTSE Rules pertaining to corporate governance,33 as detailed in the adjudicatory process set forth in LTSE Rule Series 14.500. The Commission further notes that any Company listed on LTSE would already have had to adopt and publish LongTerm Policies prior to being accepted for listing. The Commission therefore believes it is reasonable to afford a Company the opportunity to submit a Plan of Compliance should a deficiency subsequently arise in this area. The Commission notes in this regard that, in addition to submitting a Plan of Compliance, a listed Company that receives a deficiency notification from the Exchange is required to make a public announcement that discloses its receipt of the notification and the basis for it, and that such announcement must be made as promptly as possible but not more than four business days following receipt of the notification.34 Based on the foregoing, the Commission finds that the proposed rule change is consistent with the Act.
IV. Conclusion It is therefore ordered, pursuant to Section 19b2 of the Act,35 that the proposed rule change SRLTSE2021
01, be, and hereby is, approved.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.36
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202105340 Filed 31521; 8:45 am BILLING CODE 801101P

OFFICE OF THE UNITED STATES
TRADE REPRESENTATIVE
Notice of Modification of Section 301
Action: Enforcement of U.S. WTO
Rights in the Large Civil Aircraft Dispute Office of the United States Trade Representative USTR.
ACTION: Notice.
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AGENCY:

The U.S. Trade Representative has determined to
SUMMARY:

33 See
supra note 21 and accompanying text.
LTSE Rule 14.501c; supra note 24.
35 15 U.S.C. 78sb2.
36 17 CFR 200.303a12.
34 See
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modify the action being taken in the investigation by suspending the additional tariffs on goods of the European Union for a period of four months. The suspension is in accord with a joint U.S.-EU statement that promotes a resolution of the large civil aircraft dispute.
DATES: As of 12:01 a.m. eastern standard time on March 11, 2021, the additional duties on products of the European Union covered by the action taken in this investigation are suspended for a period of four months.
FOR FURTHER INFORMATION CONTACT: For questions about the investigation or this notice, contact Associate General Counsel Megan Grimball, at 202 395
5725, or Director for Europe Michael Rogers, at 202 3953320.
SUPPLEMENTARY INFORMATION:
A. Proceedings in the Investigation For background on the proceedings in this investigation, please see prior notices, including: Notice of initiation, 84 FR 15028 April 12, 2019; notice of determination and action, 84 FR 54245
October 9, 2019; and notices concerning revisions or modifications of action, 85 FR 10204 February 21, 2020, 85 FR 50866 August 18, 2020, 86 FR
674 January 6, 2021, 86 FR 9420
February 12, 2021, and FR Doc. 2021
05035 March 11, 2021.
B. Modification of Action Section 307a of the Trade Act of 1974, as amended, Trade Act provides that the U.S. Trade Representative may modify or terminate any action subject to the specific direction, if any, of the President with respect to such action, that is being taken under section 301 if any of the conditions described in section 301a2 exist. Section 301a2Biv of the Trade Act provides that the U.S. Trade Representative is not required to take action under section 301a1 in extraordinary cases, where the taking of action . . . would have an adverse impact on the United States economy substantially out of proportion to the benefits of such action, taking into account the impact of not taking such action on the credibility of actions taken under section 301.
On March 5, 2021, the United States and the European Union issued a Joint Statement promoting a resolution of the large civil aircraft dispute:
The European Union and the United States today agreed on the mutual suspension for four months of the tariffs related to the World Trade Organization WTO Aircraft disputes.
The suspension will cover all tariffs both on aircraft as well as on non-aircraft products,
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and will become effective as soon as the internal procedures on both sides are completed.
This will allow the EU and the US to ease the burden on their industries and workers and focus efforts towards resolving these long running disputes at the WTO.
The EU and the US are committed to reach a comprehensive and durable negotiated solution to the Aircraft disputes. Key elements of a negotiated solution will include disciplines on future support in this sector, outstanding support measures, monitoring and enforcement, and addressing the trade distortive practices of and challenges posed by new entrants to the sector from non-market economies, such as China.
These steps signal the determination of both sides to embark on a fresh start in the relationship.

Promoting a successful resolution of the dispute by suspending the additional duties provides benefits to the U.S. economy that outweigh any adverse impacts on the U.S. economy, and the suspension maintains the credibility of the section 301 action.
Accordingly, the U.S. Trade Representative has determined, in accordance with sections 307a and 301a2Biv of the Trade Act, to modify the action by suspending the additional duties on products of the European Union for four months. The decision to modify the action takes into account the public comments received in response to prior notices issued in the investigation as well as the advice of the interagency Section 301
Committee.
To give effect to the U.S. Trade Representatives determination, as specified in the Annex to this notice, the additional duties imposed by subheadings 9903.89.05, 9903.89.07, 9903.89.10, 9903.89.13, 9903.89.16, 9903.89.19, 9903.89.22, 9903.89.25, 9903.89.28, 9903.89.31, 9903.89.34, 9903.89.37, 9903.89.40, 9903.89.43, 9903.89.46, 9903.89.52, 9903.89.55, 9903.89.57, 9903.89.59, 9903.89.61, and 9903.89.63, and as provided by their associated subchapter notes, will not apply to products of Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden, that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m.
eastern standard time on March 11, 2021, and before 12:01 a.m. eastern daylight time on July 11, 2021.
Any product of Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus,
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