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AIzaSyAYiBZKx7MnpbEhh9jyipgxe19OcubqV5w
April 1, 2024
2024108
168219
2

13 sept. 2018 - (24) Trump signs MTB to cut or eliminate tariffs on predominantly Chinese goods

Description:

September 13, 2018: President Trump signed the Miscellaneous Tariff Bill (MTB) Act of 2018 into law. The new bill goes into effect 30 days after the President’s signature, which should be as early as October 13, 2018. The last MTB passed by Congress expired on December 31, 2012. The new MTB will temporarily cut or eliminate import tariffs until December 2020 on articles such as chemicals, footwear, textiles, toasters, and roughly 1,660 other items that are not made in the U.S.. Roughly, half of those items are produced in China. The 2018 MTB will cover two apparel items:
• Babies’ woven apparel of linen (provided for in subheading 6209.90.90)
• Men’s or boys’ knitted or crocheted pullovers and cardigans, containing 70 percent or more by weight of silk, each with more than 9 stitches/2 cm, measured in the direction the stitches were formed, and an average of less than 10 stitches/linear cm in each direction counted on an area measuring at least 10 cm by 10 cm, such apparel articles that reach the waist (provided for in subheading 6110.90.10)
• Both the U.S. textile industry and apparel industry say they welcome the new MTB.
• The original MTB legislation was introduced in the early 1980s, with two main goals: 1) help U.S. domestic manufacturers compete by temporarily reducing or suspending import tariffs for intermediaries. 2) give importers a means to request other technical corrections to the Harmonized Tariff System of the United States (HTSUS). In general, MTB requests should be “non-controversial”, i.e., there should be no domestic production or opposition from domestic U.S. producers and requests should not create excess revenue losses for the United States.

Ajouté au bande de temps:

30 oct. 2018

Date:

13 sept. 2018
Maintenaint
~ Il y a 5 ans et 8 mois