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ITC launches investigation of temporary duty suspensions and reductions

U.S. ITC launches investigation

The U.S. International Trade Commission (ITC) announced it has instituted a general factfinding investigation regarding the effects on the U.S. economy of duty suspensions and reductions enacted under the “American Manufacturing Competitiveness Act.”

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As noted in the ITC release, the investigation was triggered by the recent enactment of a miscellaneous tariff bill (on 13 September 2018) that includes a measure requiring the ITC to prepare a report concerning the effects on the U.S. economy of duty suspensions and reductions enacted pursuant to the new law.  The report is to be submitted to the U.S. House of Representatives Committee on Ways and Means and the U.S. Senate Committee on Finance not later than 12 months after the date of enactment of miscellaneous tariff bill.

The ITC’s report will provide:

  • A broad assessment of the economic effects of duty suspensions and reductions on U.S. producers, purchasers, and consumers
  • Case studies looking at the effects of duty suspensions on individual sectors
  • Recommendations solicited from the public with respect to those domestic industry sectors that might benefit from permanent duty suspensions or reductions, with a particular focus on inequities created by tariff inversions

The ITC is seeking input for this investigation from all interested parties. A public hearing has been scheduled for 5 March 2019.

 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner, Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

Andy Siciliano
Partner, National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117 
E: rwaldrop@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

John L. McLoughlin
Principal, East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal, WNT
T: 212-954-3094
E: labad@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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