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The Economic Effects of Significant U.S. Import Restraints

The Economic Effects of Significant U.S. Import Restraints (Sixth Update)

Investigation No. 332-325
USITC Publication 4094

Summary

The U.S. International Trade Commission’s latest update in this series of reports presents results on the economic effects on the U.S. economy of removing significant U.S. import restraints in manufacturing and agricultural products.

The report estimates changes in U.S. welfare, output, employment, and trade that would result from the unilateral elimination of significant import restraints, specifically U.S. tariffs and tariff-rate quotas on certain agricultural products, textiles and apparel, and other manufactured products.

Another chapter of the report summarizes U.S. trade policy since 1934. This part of the report also contains a survey of the economic literature on trade policy, including the literature on the quantitative effects of changes in trade policy.

The report is the sixth update in a series of reports to the U.S. Trade Representative. The initial report was submitted in November 1993, and updates were submitted in December 1995, May 1999, June 2002, June 2004, and February 2007.

View the publication at: http://www.usitc.gov/publications/332/pub4094.pdf

Also available on CD-ROM and in print; call 202-205-2000 for more information.