The BAT would have two primary effects related to USITC investigations.  First, it would raise the after-tax cost of imports relative to domestically produced goods.  Second, the BAT is likely to cause an appreciation of the U.S. dollar, though economists differ on the degree of the exchange rate adjustment. 

The proposed tax plan has the potential to influence U.S. trade remedy investigations, which depend on the prices at which imported products are sold in the U.S. market and home market prices.  This blog examines how the BAT might affect one aspect of U.S. antidumping investigations: the calculation of dumping margins by the Department of Commerce

Although Europe remains the epicenter of Brexit’s economic and political instability, the United States is not insulated from the shocks felt across the water. We summarized some of the anticipated effects of Brexit on the U.S. economy and trade outlook.

Full-year 2015 trade data from the United States International Trade Commission are now available. To celebrate, we review some of the most important big-picture developments in U.S. trade from the previous year.

Growing U.S. oil and gas production and lower oil prices have reshaped U.S. petroleum trade. Although the United States still runs a deficit, the average monthly trade deficit through August 2015 is only $7.6 billion, compared to $35.1 billion through August 2008. This improvement is largely driven by imports.

On August 24, 2015, The Partnership for Open and Fair Skies released Response to the Gulf Airlines’ Comments on Subsidies Valuations a follow-up to the January 25, 2015 report Evidence of Actionable Subsidies Received by Etihad Airways, Qatar Airways and Emirates Airline. Both reports were prepared by Charles Anderson of CapTrade.

In addition to the participation of two of the globe’s three largest economies, the United States and Japan, the pact could eventually include South Korea, Taiwan, Thailand, and the Philippines, though these countries are not directly involved in the current negotiations. China, the elephant in the room for any Pacific trade pact, is not a party to the TPP talks and has only hinted interest, according to the Obama administration.

There is a tendency to view China’s 1.9 percent devaluation of the Yuan on August 11 through the lens of the U.S. dollar. After all, the Yuan has been fixed or closely linked to the greenback for decades, and Washington has been among the most vocal critics of China’s currency policy. However, currency and trade data suggest that China’s devaluation has more to do with the other currencies.

In December 2014, Commerce released its new list of surrogate countries for China. Neither Indonesia nor the Philippines are on the new list, meaning that Commerce and parties in China NME cases will face increasing difficulties in finding usable surrogate countries on the official list, outside of Thailand. Perhaps reflecting these new difficulties, Commerce has begun to allow more countries not on the list to serve as surrogate countries.

2014 was another eventful year at the ITC for antidumping (AD) and countervailing duty (CVD) cases with some 8 petitions filed, 14 investigations completed, and 23 sunset votes on 40 orders. The 8 AD/CVD petitions filed in 2014 were down from the 14 filed last year, but still above the 5 cases filed in 2012.

The International Monetary Fund continues to revise its global growth projections downward but it is having trouble keeping up with a steady stream of bad news. In October, the Fund released its latest edition of the World Economic Outlook, a biannual survey of the global economy. In this installment, the authors describe a persistently “uneven global recovery.”

On September 9, 2014, Capital Trade’s Daniel Klett testified at the USITC in the Chlorinated Isocyanurates final hearing on behalf of the Japanese respondents.