Last updateTue, 19 Feb 2019 5pm


Manufacturing & The Economy

House Unanimously Passes Miscellaneous Tariff Bill

The House of Representatives voted unanimously this week to pass H.R. 4318, the Miscellaneous Tariff Bill (MTB) Act of 2018. This bipartisan, bicameral legislation was written to increase the competitiveness of American manufacturers by temporarily reducing tariffs on nearly 1,700 different products that are not otherwise available in the U.S.

“While it may not make headlines, this is a top story and a big deal for manufacturers. Manufacturers and other businesses face what amounts to a nearly $1-million-a-day tax every additional day this issue goes unresolved. That’s thanks to billions of dollars in burdensome tariffs that companies have had to pay since the last MTB expired at the end of 2012, just for buying the supplies they need to build products in America,” said National Association of Manufacturers president and CEO Jay Timmons. 

Subscribe Fall18


• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

KNOWLEDGE FORUM 2019 300x250

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products