About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (October 24, 2019)

handle is hein.crs/govbbnk0001 and id is 1 raw text is: Congressional _____ * esearch Service ~hformrng the Iegislative debate since 1914 Escalating U.S. Tariffs: Affected Trade Updated October 24, 2019 The trade practices of U.S. trading partners and the U.S. trade deficit are a focus of the Trump Administration. Citing these and other concerns, the President has imposed unilateral tariff increases under three U.S. laws: * (1) Section 201 of the Trade Act of 1974 on U.S. imports of washing machines and solar products; * (2) Section 232 of the Trade Expansion Act of 1962 on U.S. imports of steel and aluminum, and potentially motor vehicles/parts and titanium sponge (the President decided not to impose tariffs on uranium imports, after an investigation); and * (3) Section 301 of the Trade Act of 1974 on U.S. imports from China. In May 2019, in response to concerns over immigration, the President also proposed an additional 5% tariff on imports from Mexico under the International Emergency Economic Powers Act (IEEPA), but subsequently suspended the proposed tariffs indefinitely citing an agreement reached with Mexico. This product focuses on unilateral tariff actions by the Administration, and does not include recently imposed increased tariffs on U.S. imports from the European Union (EU), which were sanctioned by a WTO dispute settlement panel. For a timeline of recent actions, see CRS Insight 1N 10943, Escalating US. Tariffs: Timeline. The Administration has stated that it is using existing and proposed tariffs for a range of purposes, including as leverage for trade negotiations with affected trading partners, such as China, Japan, and the EU, and, as noted, to influence Mexico's immigration policies. While tariffs may benefit a limited number of import-competing firms, they also increase costs for downstream users of imported products and consumers and may have broader negative effects on the U.S. economy, as well as several policy implications. The multiple tariff increases applied to date, ranging from 10% to 45%, affect approximately 16% of U.S. annual imports. This amounts to $396.4 billion of imports using 2018 annual data; notably, the tariffs went into effect at various times in 2018 and 2019 (Figure 1). Section 301 tariffs on U.S. imports from China account for more than 90% of trade affected by the Administration's tariff actions. While the Administration has taken some steps to reduce the scale of imports affected by the tariffs (i.e., by exempting Canada and Mexico from the steel and aluminum duties and creating processes by which certain products may be excluded), the general trend has been an escalation of tariff actions. Congressional Research Service https://crsreports.congress.gov IN10971 CRS INSIGHT Prepared for Members and Committees of Congress

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most