The U.S. International Trade Commission (ITC) released the final Miscellaneous Tariff Bill (MTB) Report today, and Congress will use the Report to prepare MTB legislation expected this fall.
MTBs provide temporary tariff relief for products that are not available in the U.S. like certain chemicals, machinery, equipment, footwear, and apparel. In November and December, FDRA filed MTB requests on behalf of Member companies, and more than 200 footwear tariff relief requests were filed. All of the current MTBs expire on December 31, 2020, and Congress must act before the end of the year to prevent this key duty-saving tool from lapsing.
In June, FDRA also held a deep-dive webinar on the MTB process. If you missed the webinar, you can view the recording on the Customs & Trade Working Group page in the Intel Center here. (to access it, you need to register for a password for the Intel Center)