The U.S. International Trade Commission (USITC) today issued an update of its report The Economic Effects of Significant U.S. Import Restraints.
The USITC, an independent, nonpartisan, factfinding federal agency, completed the report for the U.S. Trade Representative (USTR). The report is the seventh update in a series of reports to the USTR.
The report 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 seventh update also provides an overview of global supply chains and the economic forces behind them, including a description of U.S. involvement in these chains and a discussion of the effects that this phenomenon may have on the United States.
The Economic Effects of Significant U.S. Import Restraints: Seventh Update (Inv. No. 332-325, USITC Publication 4253, August 2011) is available on the USITC web site at http://www.usitc.gov/publications/332/pub4253.pdf. A CD-ROM or printed copy may be requested by emailing email@example.com, calling 202-205-2000, or writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436.