ITC Asked to Launch Study of Distributional Effects of Trade
U.S. Trade Representative Katherine Tai has asked the International Trade Commission to launch an investigation into the effects of goods and services trade on U.S. workers by skill, wage, gender, race and age, and not just through economic or sociological research, but also through roundtable discussions with disadvantaged community members, unions, minority-owned businesses, Historically Black Colleges and Universities, Hispanic Serving Institutions, Tribal Colleges and Universities, civil rights organizaitons and think tanks.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Tai asked the ITC to break out the information from roundtables separately from academic research on the distributional effects of trade, and from an academic symposium that would evaluate that research and identify gaps in the data or economic literature.
Tai asked the ITC to not only break down the effects by the broad categories of age, wages, skill level, race, etc., but also by region. She said the ITC should expand its analysis capabilities so future economic effects advice on trade policy includes estimates of distributional effects.