Input Sought on Questionnaire for Economic Assessment of Temporary Duty Suspensions
The International Trade Commission is seeking input by Nov. 23 on a questionnaire that will be used in connection with a report required by section 4 of the American Manufacturing Competitiveness Act of 2016. Section 4 requires the ITC, upon enactment of a miscellaneous tariff bill, to prepare and submit to the House Ways and Means Committee and the Senate Finance Committee a report on the effects on the U.S. economy of duty suspensions and reductions enacted pursuant to the AMCA, including a broad assessment of the economic effects of such duty suspensions and reductions on producers, purchasers, and consumers in the U.S.
The AMCA also requires the ITC to solicit and append to the report recommendations with respect to those domestic industry sectors or specific domestic industries that might benefit from permanent duty suspensions and reductions, either through a unilateral U.S. action or through negotiations for reciprocal tariff agreements, with a particular focus on inequities created by tariff inversions.
As part of any such assessment, the ITC intends to survey U.S. firms that have successfully petitioned for duty suspensions and reductions as well as those commenting on their petitions about the effects of these actions on U.S. firms. The AMCA requires the ITC to submit its report 12 months after enactment of an MTB.