Trade Groups, Chamber, Major Chemical Companies Ask for Fully Retroactive MTB
More than 200 companies, along with local and national trade groups are asking congressional leaders to make sure that the renewal of the Miscellaneous Tariff Bill reimburses importers for tariffs paid on MTB products back to Jan. 1, 2021.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
"Since the previous Miscellaneous Tariff Bill expired on December 31, 2020, manufacturers and other businesses have paid more than $500 million in tariffs, or $1.3 million per day, on goods that are not available in the United States," they wrote.
The top Republican on the House Ways and Means Committee, Rep. Kevin Brady, R-Texas, has said, "I do think that there could be bipartisan support for increased retroactivity. You know, I think we all proposed four months' retroactivity the first half of last year, now the program has lapsed for another year ... ."
The letter also said they oppose the House version of MTB, which would not allow consumer products on future lists. They called it a "broad and arbitrary" restriction, and said it "would be difficult to implement." They said the analysis of the International Trade Commission that undergirds the list ensures that the products on the list are not produced domestically. "Furthermore, the existing process allows for Congress to object to the inclusion of individual petitions in the final MTB," the groups wrote.