Miscellaneous Tariff Bill’s Absence Ripples Out Across Industries

Photo credit: Getty Images

As manufacturers continue to lead America’s economic recovery, they’re doing so in the face of a real—and avoidable—challenge. Because Congress has failed to act, manufacturers in the United States have been operating without a Miscellaneous Tariff Bill (MTB) since January, which has led to higher prices, greater difficulty in competing with businesses overseas and harm to American workers.

The MTB temporarily eliminates tariffs on imported materials that are either not made in the United States at all or are not available in sufficient quantities. It boosts American competitiveness and ensures that U.S.-made products are competitive with products manufactured outside of the country. Read the full story from the National Association of Manufacturers here.