1) May 10 -- Economic Impact of Section 232 and 301 Tariffs on U.S. Industries
As directed by an explanatory statement related that accompanied the Consolidated Appropriations Act, 2022, enacted on March 15, 2022, the U.S. International Trade Commission (Commission) instituted Investigation No. 332-591, Economic Impact of Section 232 and 301 Tariffs on U.S. Industries. In the explanatory statement, the House and Senate Committees on Appropriations (Committees) directed that the Commission conduct a retrospective investigation and provide a report on the impacts in the U.S. industries most affected by the Section 232 and 301 tariffs that were active as of March 15, 2022.
As requested by the Committees, the Commission will include in its report detailed information on U.S. trade, production, and prices in the industries directly and most affected by active tariffs under section 232 of the Trade Expansion Act of 1962 (19 U.S.C. 1862) and section 301 of the Trade Act of 1974 (19 U.S.C. 2232). The Commission has instituted the investigation under section 332(g) of the Tariff Act of 1930 (19 U.S.C. 1332(g)) to facilitate the receipt of public comments and for the purpose of including the Commission's report in an existing series of reports.
The tariffs covered in the report will be the additional tariffs on U.S. imports imposed under section 232 of the Trade Expansion Act of 1962 (19 U.S.C. 1862) and imposed under section 301 of the Trade Act of 1974 (19 U.S.C. 2411 et seq.) that were in effect as of March 15, 2022—as reflected in the 2022 Harmonized Tariff Schedule of the United States, Revision 2, USITC Pub. 5293. Additional information on the section 232 actions can be found under HTS numbers 9903.80.01 through 9903.81.80 and 9903.85.01 through 9903.85.44. Additional information on the section 301 actions can be found under HTS numbers 9903.88.01, 9903.88.02, 9903.88.03, 9903.88.04, and 9903.88.15.
The Committees requested that the Commission transmit its report no later than 12 months following the enactment of the Consolidated Appropriations Act. The Commission's report will be made available to the public.
A public hearing in connection with this investigation will be held beginning at 9:30 a.m. Eastern Time on Thursday July 21, 2022. Requests to appear at the public hearing should be filed with the Secretary to the Commission no later than 5:15 p.m., Wednesday, July 6, 2022. August 12, 2022: Deadline for filing posthearing briefs and statements. August 24, 2022: Deadline for filing all other written submissions. March 15, 2023: Transmittal of Commission report to Committees.
Two more hearing days added -- July 20 and 22. Hearing information https://usitc.gov/sites/default/files/research_and_analysis/hearing_information_doc.docx
2) May 5 -- USITC TO INVESTIGATE EFFECTS OF ACTIVE SECTION 232 AND 301 TARIFFS ON U.S. INDUSTRIES (news release)
The U.S. International Trade Commission (USITC) is undertaking a new factfinding investigation that will examine the impact of tariffs on U.S. imports under section 232 of the Trade Expansion Act of 1962 (19 U.S.C. 1862) and section 301 of the Trade Act of 1974 (19 U.S.C. 2232) in effect as of March 15, 2022, as reflected in the Harmonized Tariff Schedule. The Commission’s report will provide detailed information on U.S. trade, production, and prices in the industries directly and most affected by these tariffs.
The Commission was directed to conduct this investigation, Economic Impact of Section 232 and 301 Tariffs on U.S. Industries, Inv. 332-591, as part of the Omnibus Appropriations Act, which was signed into law on March 15, 2022.
As directed, the USITC, an independent, nonpartisan, federal agency, will prepare a public report. The report will provide, to the extent practicable:
background information on the Section 232 and 301 tariffs and an overview of the tariffs that were in effect as of March 15, 2022; and
an economic analysis of the impact of these tariffs on U.S. trade, production, and prices in the industries most affected by these tariffs.
The USITC expects to submit its report to Congress by March 15, 2023.
The USITC will hold a public hearing in connection with the investigation, beginning at 9:30 a.m. on July 21, 2022. Information about the hearing, including how to participate or observe, will be posted on the Commission’s website no later than June 21, 2022, at https://usitc.gov/research_and_analysis/what_we_are_working_on.htm
Requests to appear at the hearing should be filed no later than 5:15 p.m. on July 6, 2022 with the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. See below for important information regarding filing a request to appear at a USITC hearing.
The USITC also welcomes written submissions for the record. Written submissions should be addressed to the Secretary of the Commission and should be submitted no later than 5:15 p.m. on August 24, 2022.
Public notice of investigation: https://www.usitc.gov/sites/default/files/secretary/fed_reg_notices/332/332_591_notice_05052022sgl.pdf
News release: https://www.usitc.gov/press_room/news_release/2022/er0505ll1927.htm