Monday, September 17, 2018
Miscellaneous Tariff Bill Act Signed Into Law
Signed into law on September 13, 2018, the H.R. 4318 Miscellaneous Tariff Bill (MTB) becomes effective upon October 13, 2018 following a 30-day grace period. The MTB reduces tariffs on nearly 1700 products deemed by the International Trade Commission (ITC) as unattainable or inaccessible from domestic productions or sourcing through December 31, 2020.
Designed to provide relief to some manufacturers, the MTB will temporarily amend the Harmonized Tariff Schedule (HTS) to modify certain rates of duty recommended by the ITC pursuant to the new process established in the American Manufacturing and Competitiveness Act of 2016.
A majority of the products covered by the MTB are chemicals, and includes some textiles, apparel, footwear, machinery and equipment, as well as other goods.
If your goods are from China, be aware that the MTB tariff reductions do not override Section 301 tariffs, per CSMS #18-000493, dated August 21, 2018 as follows:
TRADE PREFERENCE PROGRAMS AND TEMPORARY REDUCTIONS IN RATES OF DUTY
Products of China that are covered by the Section 301 remedy and that are eligible for special tariff treatment under general note 3(c)(i) to the tariff schedule, or that are eligible for temporary duty exemptions or reductions under subchapter II to chapter 99, shall be subject to the additional 25 percent ad valorem rate of duty imposed by headings 9903.88.01 and 9903.88.02.
Click on the link provided below for the list of goods. We recommend you review this list carefully to determine if any of the products may have an effect upon your imports and contact us with any questions.