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Legal Definitions - United States International Trade Commission
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Definition of United States International Trade Commission
The United States International Trade Commission (USITC) is a federal agency that operates independently. Its main function is to gather information on international trade and tariffs. The agency then reports its findings and recommendations to the President, the U.S. Trade Representative, and Congressional Committees. Additionally, the USITC conducts investigations into international-trade relief.
For example, if a U.S. company believes that a foreign company is selling products in the U.S. at unfairly low prices, the USITC can investigate the matter and recommend actions to address the issue. The agency can also investigate claims of intellectual propertyinfringement and unfair trade practices.
The USITC plays an important role in ensuring fair and open trade between the United States and other countries. Its work helps to protect American businesses and workers from unfair competition and promotes a level playing field for international trade.
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Simple Definition
UNITED STATES INTERNATIONAL TRADE COMMISSION: The United States International Trade Commission is a group of people who gather information about how different countries trade with each other and how much they charge each other for goods. They then tell the President, the person in charge of trade for the United States, and some people in Congress what they found out. They also investigate if something unfair is happening in trade between countries.
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