Council Challenges ITC Over Proposal to Curb TV Imports

by Council on Wage and Price Stability on January 18, 1977
by Council on Wage and Price Stability

 

 The U.S. should not restrict the importation of color TV sets, said the Council on Wage and Price Stability today in testimony before the International Trade Commission (ITC). To do so, said the Council, would be inflationary and would impose unreasonable costs on consumers.

The Council’s testimony came at a hearing before the ITC in response to a petition by five TV manufacturers and 11 unions to curb the importation of color TV sets, primarily from Japan. The domestic industry group argued that foreign imports are injuring domestic producers and therefore the government should set quotas or impose tariffs. The Council took no position on the question of injury but argued that trade adjustment assistance would be less inflationary than quotas or tariffs.

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