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Ways & Means trade panel chair introduces MTB renewal bill

May 14, 2024 at 7:30 AM
House Ways & Means trade subcommittee Chair Adrian Smith (R-NE) on Tuesday will introduce a new Miscellaneous Tariff Bill featuring tightened eligibility requirements and a plan to refund additional tariffs paid by importers since the previous MTB’s expiration. The last MTB -- which provides temporary tariff suspensions and reductions for products with no U.S. producers -- expired at the end of 2020, leading to higher tariffs on more than 3,000 products. Manufacturers have since complained that the reinstated tariffs are...

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