Axing Textile, Sugar Barriers Could Boost Trade, ITC Says

Law360, New York (January 2, 2014, 2:37 PM EST) -- The removal of import restraints such as tariffs and quotas on products ranging from sugar to textiles could boost U.S. exports and imports by roughly $6.2 billion each by 2017, according to a report issued by the U.S. International Trade Commission last month.

The ITC study also estimated that the total U.S. economic welfare, which the commission defined as total public and private consumption, would climb by about $1.1 billion annually over the same period of time if the U.S. would unilaterally remove tariffs on those...
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