U.S. International Trade Commission in the United States

U.S. International Trade Commission (usitc) in the International Business Landscape

Definition of Us International Trade Commission (usitc) in the context of U.S. international business and public trade policy: An independent US fact-finding and regulatory agency whose six members make determinations of injury and recommendations for relief for industries or workers seeking relief from increasing import competition. In addition, upon the request of Congress or the president, or on -its own initiative, the USITC conducts comprehensive studies of specific industries and trade problems, and the probable impact on specific US industries of proposed reductions in US tariffs and nontariff trade barriers. The USITC was created by the Trade Act of 1974 as the successor agency to the US Tariff Commission, which was created in 1916.