NAM Says Renewal of MTB Before End of Year Important
The National Association of Manufacturers said the Miscellaneous Tariff Bill needs to be renewed before the end of the year, so that manufacturers that benefited from it in the past can get relief from higher input costs, at least in…
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one area. In a blog post Nov. 3, NAM highlighted Dow, the giant chemical company, whose lead federal government affairs official said higher tariffs on imported chemicals affect textiles, cosmetics, cleaning products and insulation. "Making our supply chains cost competitive through MTB also supports our consumers who need to manage their costs," Dow's Eric Friedman said. Ali Aafedt, director of trade facilitation policy at NAM, wrote, “Amidst a global pandemic, severe supply chain shortages and other hurdles, Congress’ lack of action on the MTB is yet another challenge. Congress has the opportunity to support manufacturers, workers and consumers in the United States by passing bipartisan MTB legislation by the end of the year.”