Fair Foreign Trade Practices Act of 1985

[AI summary unavailable — showing source text] Fair Foreign Trade Practices Act of 1985 - Amends the Trade Act of 1974 to make the U.S. Trade Representative (USTR), subject to the President's approval, responsible for determining whether import relief actions should be taken. (Currently the President is responsible for such determinations.) Provides that injurious industrial targeting by a foreign country or instrumentality may trigger import relief actions. Defines injurious industrial targeting. Requires the USTR to take the following actions if the USTR makes specified determinations: (1) suspend, withdraw, or prevent the application of benefits of trade agreement concessions; (2) direct customs officers to assess duties or impose other import restrictions on the products of, and assess fees or impose restrictions on the services of, such foreign country or instrumentality; (3) negotiate agreements with foreign countries to fully offset the burden or restriction on U.S. commerce; (4) submit to the President proposed administrative actions and legislation to restore or improve the international competitiveness of the industry that has been injured or threatened with injury; or (5) take any combination of such actions. (Curren…