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Tag: tariff suspension

Tariff Suspension Reform Reopens Window for Savings

Tariff Suspension Reform Reopens Window for Savings

This piece was originally published in the June 2016 issue of ei, the magazine of the electroindustry. By Craig Updyke, Director, Trade and Commercial Affairs, NEMA On May 20, President Obama signed into law reforms to the long-stalled process for granting temporary suspensions of customs import duties for products and inputs that are not available from domestic sources. The provisions of the American Manufacturing Competitiveness Act of 2016 sidestep concerns that many members of Congress Read more [...]
Tariff Suspension Legislation Re-Introduced in House

Tariff Suspension Legislation Re-Introduced in House

Yesterday in the House of Representatives the leadership of the Ways & Means Committee introduced a Miscellaneous Tariff Bill that would, if it becomes law, suspend U.S. customs duties temporarily on over 2,000 imported items needed by U.S. manufacturers but not manufactured in the U.S. Included in the package are several types of electrical componentry of interest to NEMA members. The National Association of Manufacturers estimates that tariff savings for U.S. companies of over $748 Read more [...]