US Customs and Border Protection (CBP) has warned that a duty suspension signed off by President Donald Trump last month will not supersede the China import tariffs.
The Miscellaneous Tariff Bill (MTB) Act temporarily cuts or eliminates import tariffs until December 2020 on articles such as chemicals, footwear, textiles, toasters, and roughly 1,660 other items that are not made in the US.
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The 2018 MTB covers two apparel items: Babies’ woven apparel of linen; and men’s or boys’ knitted or crocheted pullovers and cardigans, containing 70% or more by weight of silk.
According to CBP, about half the MTB-eligible items are produced in China and may, therefore, be subject to the Section 301 additional tariffs President Trump has imposed on a wide range of imports from the country.
While the products can benefit from the MTB’s tariff suspensions and reductions, Chinese imports are still subject to the 25% duty rate and 10% duty rate (as applicable) previously imposed.
Last month the American Apparel & Footwear Association applauded Trump’s passing of the MTB, which is expected to collectively save more than US$1bn in import tariffs over the next three years and help boost US manufacturing output by more thanUS$3.1bn.
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By GlobalData
