Proposals to Reform the Escape Clause: Hearing Before the Committee on Finance, United States Senate, Ninety-ninth Congress, Second Session, July 17, 1986, Title III of S. 1860, S. 1863, S. 2099, Volume 4U.S. Government Printing Office, 1986 - 215 pages |
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Common terms and phrases
AACCLA action adjustment assistance adjustment plan Administration Ambassador YEUTTER amendment American AMORY HOUGHTON antidumping antitrust relief auction quotas believe Chairman changes Committee CONGRESS THE LIBRARY consumers cost countervailing duty countries decision determination domestic industry ECAT effect escape clause exchange rate factors fairly traded imports fast track Finance firms floating exchange rates footwear foreign GATT Harley Harley-Davidson heavyweight motorcycles HOLMER import competition import relief import restrictions impose increased imports industry adjustment International Trade Commission inventory investigation issue ITC's July 17 labor legislation LIBRARY OF CONGRE LIBRARY OF CONGRESS limited multilateral negotiations option petitioners President President's Presidential discretion problems protectionist recommended remedy retaliation safeguard section 201 Senator BAUCUS Senator DANFORTH Senator Evans Senator HEINZ Senator MITCHELL serious injury statement statute substantial cause tariff Thank tion Trade Act trade policy U.S. exports U.S. industry U.S. trade laws U.S. Trade Representative United USITC USTR
Popular passages
Page 67 - Development, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, the...
Page 72 - Since something of value has been taken from them by escape-clause restrictions, the GATT rules authorize them to right the balance by imposing restrictions of their own against a similar volume of their imports from the United States — or from any other country taking similar action — or by being compensated by the United States through...
Page 139 - Agreement, including tariff concessions, any product is being imported into the territory of that contracting party in such increased quantities and under such conditions as to cause or threaten serious injury to domestic producers in that territory of like or directly competitive products...
Page 130 - With regard to the effect of relief on consumers, the Committee feels that the goals of the Employment Act of 1946 should be paramount. Unemployed persons are not happy consumers. If the choice is between (1) allowing an industry to collapse and thereby creating greater unemployment, larger Federal or state unemployment compensation payments, reduced tax revenues, and all the other costs to the economy associated with high unemployment, or (2) temporarily protecting that industry...
Page 88 - On behalf of the member organizations of LICIT I want to commend you, Mr. Chairman, and the other members of your subcommittee for undertaking these hearings on reforming US trade laws.
Page 141 - ... the significant idling of productive facilities in the industry, the inability of a significant number of firms to operate at a reasonable level of profit, and significant unemployment or underemployment within the industry; (B) with respect to threat of serious injury...
Page 137 - States in such increased quantities as to be a substantial cause of serious injury, or the threat thereof, to the domestic industry producing an article like or directly competitive with the imported article. "(B) For purposes of this section, the term 'substantial cause ' means a cause which is important and not less than any other cause.
Page 102 - The following domestic subsidies, if provided or required by government action to a specific enterprise or industry, or group of enterprises or industries, whether publicly or privately owned and whether paid or bestowed directly or indirectly on the manufacture, production, or export of any class or kind of merchandise: "(I) The provision of capital, loans, or loan guarantees on terms inconsistent with commercial considerations.
Page 151 - My name is Frank McCarthy and I am the Executive Vice President of the National Automobile Dealers Association (NADA) . NADA is a trade association representing approximately 20,000 franchised new car and truck dealers across the country.
Page 115 - Mr. Chairman and Members of the Subcommittee: We are pleased to be here today to discuss...