Nixing Ethanol, Textile Tariffs Would Boost Economy: ITC

Law360, New York (September 13, 2011, 3:29 PM EDT) -- U.S. exports would expand by $9 billion and imports would increase by $11.5 billion over the next four years if the U.S. eliminated trade barriers in the sugar, ethanol, textile and other high-tariff sectors, a U.S. International Trade Commission report revealed Monday. 

The study also estimated that the country's economic welfare, as defined by total public and private consumption, would increase by about $2.6 billion annually by 2015 if the U.S. unilaterally ended all significant trade restraints on its imports in those industries, which also include...
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