(Sandler, Travis & Rosenberg Trade Report)
The International Trade Commission has announced its recommendations for import restrictions on large residential washers following its determination in a section 201 global safeguard investigation that increased imports of such products are seriously injuring the domestic industry. These recommendations will be forwarded by Dec. 4 to President Trump, who faces a Feb. 4 deadline for making a final decision on which, if any, to implement.
The commissioners unanimously recommended that the president establish a tariff-rate quota of 1.2 million units on subject washers for a period of three years. Out-of-quota washer imports would face a tariff of 50 percent in the first year, 45 percent in the second year, and 40 percent in the third year. Chairman Schmidtlein and Commissioner Williamson also favor a tariff for in-quota washer imports of 20 percent in the first year, 18 percent in the second year, and 15 percent in the third year, but Vice Chairman Johanson and Commissioner Broadbent declined to recommend the imposition of such a tariff. Click here to read more.