Peril Point in the United States

Peril Point in International Trade

In this context, a concept of Peril Point (Christopher Mark, 1993) is the following: A hypothetical limit beyond which a reduction in tariff protection would cause serious injury to a domestic industry. US legislation in 1949 required the Tariff Commission to establish “peril points” for all US industries, and for the President to submit specific reasons to Congress if and when any US tariff was reduced below such levels. This requirement was an important constraint on US negotiating positions in early ..GATT Rounds ( Sec .I ), and was finally eliminated by the Trade Act of 1962.