Miscellaneous Tariff Bill Update for SPESA Members
The following update was provided to SPESA members via email.
The U.S. International Trade Commission (ITC) is now accepting petitions seeking temporary duty suspensions and reductions in accordance with the American Manufacturing Competitiveness Act of 2016 (AMCA). The act allows companies importing products that are not being made in the United States to submit a petition to receive reduced or suspended tariffs on those products when they are imported into the United States.
Once a petition is received, the ITC researches the product to ensure it is not currently being produced here (or in plans to begin imminent production), and then submits a report to Congress which will be used in developing the next Miscellaneous Tariff Bill (MTB). For some context, the last time this happened the petition process concluded in December 2016, ITC provided its final report to Congress in August 2017, and Congress passed the bill in September 2018.
While that timeline is daunting, this could still be a good opportunity for SPESA members. Petitions must be submitted to the MTB system by December 10, 2019. Please reach out if you have any questions. SPESA has good contacts at the ITC and would be happy to help you in this process.
Also, as trade and tariff issues continue to be a significant point of discussion, we will address them at our upcoming Executive Conference with some of the best experts in the industry.