Ways & Means members introduce bill to lower duties on formula ingredient

The leaders and other members of the House Ways & Means trade subcommittee on Monday introduced legislation that would cut tariffs on imports of “base powder” used in infant formula in an effort to boost domestic production and supply amid ongoing difficulties in keeping formula on U.S. shelves. The bill, which does not have a released text yet, comes after months of an infant formula shortage, a situation the Biden administration, and Congress, have worked to improve. According to a...