Price Competitive Products Act of 1987

Price Competitive Products Act of 1987 - Amends the Tariff Act of 1930 to permit the importation or sale of foreign-made articles bearing a trademark or trade name identical with one owned and registered by a U.S. citizen when: (1) both the foreign and the U.S. trademark are owned by the same person; (2) the foreign and domestic trademark owners are parent and subsidiary companies; or (3) the foreign articles bear a recorded trademark applied under authorization of the U.S. owner. Permits the importation or sale of an article otherwise legally imported even though such article may have a copyright in its trademark or in the label, package, design, instructions for use, or other accompanying material.