Significant U.S. Import Restraints Subject of ITC Review
The International Trade Commission has begun preparing its ninth update report on the economic effects of significant U.S. import restraints on U.S. consumers and firms, the income and employment of U.S. workers, the net economic welfare of the U.S., and households with different incomes. As in the past, the ITC will not assess import restraints resulting from antidumping or countervailing duty investigations, section 337 and 406 investigations, or section 301 actions.
The report will also describe the cumulative effects of tariffs and customs and border procedures on global supply chains and on services to the extent that they depend on goods traded through global supply chains. This section will provide an overview of the recent literature that discusses the effects of these costs along the supply chain as well as case studies examining supply chain inefficiencies stemming from customs and border procedures abroad in relevant industries.
The ITC will hold a public hearing in connection with investigation on Feb. 9, 2017. Requests to appear at this hearing are due by Jan. 26 and pre-hearing briefs and statements are due by Jan. 30. Post-hearing briefs and statements are due no later than Feb. 16 and all other written submissions for the record are due no later than March 1. The ITC expects to transmit its report to the Office of the U.S. Trade Representative by Sept. 13, 2017.