ITC to Analyze Impact of Sections 301, 232 Tariffs on Trade, Production and Prices
The International Trade Commission will produce a report by March 15 next year on the economic impact of Section 301 and Section 232 tariffs on U.S. prices, trade and production in the industries most affected by the tariffs. The commission announced that it will hold a public hearing on July 21, and that requests to appear at that hearing should be filed by July 6. It also will accept written submissions on the topic through Aug. 24.
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If the tariffs change between now and the report's submission, the analysis will only cover how the economy was affected by the tariffs that were in place in March 2022. Congress instructed the ITC to produce this report as part of its appropriations bill that passed March 15.