The Economic Effects of Significant U.S. Import Restraints Ninth Update 2017

The U.S. International Trade Commission’s latest update in this series of reports estimates changes in U.S. welfare, output, employment, and trade that would result from the unilateral elimination of significant import restraints, including U.S. tariffs and tariff-rate quotas on certain agricultural products, textiles and apparel, and other manufactured products.

The Commission estimates that liberalization of all significant import restraints quantified in this update would increase annual U.S. welfare by $3.2 billion by 2020.

For the first time in this series of reports, this update examines the effects of import restraints on households with different incomes.

The ninth update also features a special topic chapter on the effect of tariffs and of customs and border procedures on global supply chains.