ITC report on implication of sections 232 and 301 tariffs on imports
A report entitled Economic Impact of Section 232 and 301 Tariffs on U.S. Industries was released
ITC report on implication of sections 232 and 301 tariffs on imports
The U.S. International Trade Commission (ITC) today released a report entitled Economic Impact of Section 232 and 301 Tariffs on U.S. Industries [PDF 7.6 MB], which states that additional U.S. tariffs imposed under Section 232 on imports of steel and aluminum products and under Section 301 on certain imports from China reduced U.S. imports of these products and increased U.S. production and prices of these products, affecting the many industries that produce or sell these products or use them as inputs.
According to the ITC, the report includes:
- A description of the statutory provisions and recent actions under sections 232 and 301, including the major findings from the U.S. investigations that led to imposition of the tariffs
- A description of the status and chronologies of tariffs under sections 232 and 301 as of March 15, 2022
- A review of recent trade, production, and price trends in the directly and most affected industries
- An economic analysis of the effects of these tariffs on the directly and most affected industries
For more information, contact a professional with KPMG Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
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Amie Ahanchian |
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George Zaharatos |
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Jessica Libby Principal E: jlibby@kpmg.com |
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Jenna Leigh Glass Managing Director E: jennaleighglass@kpmg.com |
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