U.S. Lawmakers Okay Tariff Suspension Bill

The U.S. House of Representatives has passed legislation that would temporarily suspend and/or reduces tariffs on hundreds of products, including chemical raw materials, imported into the U.S. The Miscellaneous Tariff Bill (MTB) passed the House with a Democratic majority vote of 378-43. Socma calls passage of the MTB a major legislative priority. “The duty suspension provisions have a direct impact on the bottom-line of Socma members,” says Socma president and CEO Lawrence Sloan. The Senate as of yet has not introduced a companion...

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