ITC Launches Import Monitoring Tool Required by Customs Reauthorization
The International Trade Commission on Aug. 23 launched a new Import Monitoring Tool on its website (here), as required by the Trade Facilitation and Trade Enforcement Act enacted in February (see 1602240071), the ITC said (here). The tool will allow…
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users to determine whether import data changed throughout a period of time and uses public monthly import data provided by the Commerce Department based on Harmonized Tariff Schedule (HTS) tariff line, the ITC said. When users first access the tool, they will see U.S. imports ranked by tariff line in descending order based on the “largest absolute change” during the latest two quarters. Users can also adjust ranking criteria to a percentage-change basis; set apart a group of tariff lines from a certain HTS chapter, heading or subheading; segregate changes by specific importer; and view corresponding changes in import quantities, the ITC said. Users can also query the data by HTS tariff line and see associated country or quantity details. The Import Monitoring Tool contains import data for the eight latest quarters, the ITC said.