THE EFFECTS OF SECTION 201 SAFEGUARDS ON U.S. INDUSTRIES

摘要

This Note presents evidence on the effectiveness of temporary trade barriers, known as safeguards, implemented under section 201 of the U.S. Trade Act of 1974. Despite significant debate regarding the political and legal challenges posed by section 201, little research exists to determine how domestic industries - the intended beneficiaries of safeguards - perform after safeguards terminate. This study examines the performance of three domestic industries that recently received safeguard protection. The Note finds that none of the three industries were restored to sustained competitiveness. The Note then introduces policy recommendations for reforming section 201 to enhance its effectiveness.