; or (B) applying nontariff barriers described in subsection (a)(2) with respect to the good; or (2) continued imposition of the increased rate of duty on imports of the good from the foreign country is not in the economic or public interest of the United States. 4. Notice, consultation, and report (a) Negotiations and agreement Before taking any action under section 3(b)(1), the President shall provide notice to and consult with the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives regarding the proposed action. (b) Imposition of duty Before taking any action under section 3(b)(2), the President shall— (1) not less than 45 days before the date on which imposition of an increased rate of duty on imports of a good from a foreign country is to take effect, publish notice in the Federal Register of, and allow for public comment on, the proposed imposition and level of such increased rate of duty; and (2) seek advice regarding the proposed action from the advisory committees established under section 135 of the Trade Act of 1974 ( 19 U.S.C. 2155 ). (c) Additional notice The President shall promptly publish in the Federal Register notice of any action taken pursuant to subsection (e), (f), or (g) of section 3. (d) Report (1) In general Before entering into an agreement with a foreign country under section 3(b)(1), the United States Trade Representative shall submit to the appropriate congressional committees and leadership a report that describes— (A) the implementation of the agreement, including how it is consistent with and does not materially differ from or otherwise affect Federal or State laws; (B) the impact of the agreement on the competitiveness of businesses in the United States