The U.S. International Trade Commission (USITC) is an independent federal agency established to administer trade laws and provide assistance to the President, Congress, and the U.S. trade community. The primary purpose of the USITC is to investigate unfair trade practices and provide analyses and recommendations on matters related to international trade, competitiveness, and the impact of imported goods on various sectors of the U.S. economy.
The USITC conducts investigations and determinations regarding a wide range of trade issues, such as unfair trade practices, intellectual property disputes, and safeguard measures. It investigates claims of unfair trade practices, including dumping (selling products below fair market value) and subsidization (providing government assistance to industries), that harm domestic industries. Through its investigations, the USITC gathers detailed information, conducts analysis, and determines whether industries have been injured or threatened by these unfair practices.
Moreover, the USITC provides economic research, analysis, and trade-related information to assist policymakers in making informed decisions. It prepares studies and reports on various trade-related topics, including trends in international trade, tariff and non-tariff barriers, and the impact of trade on different sectors of the U.S. economy. The USITC's research and data contribute to the development and implementation of U.S. trade policies and negotiations.
Overall, the USITC plays a crucial role in promoting fair and open trade practices by investigating allegations of unfair practices, providing analysis and information to policymakers, and offering support to the U.S. trade community.
