The Agriculture Wool Apparel Manufacturers Trust Fund was authorized under Section 12315 of the Agricultural Act of 2014 (the 2014 Farm Bill) and reauthorized under Section 12603 of the Agriculture Improvement Act of 2018 (the 2018 Farm Bill) to reduce the economic injury to domestic manufacturers resulting from tariffs on wool fabric that are higher than tariffs on certain apparel articles made of wool fabric. The Agriculture Wool Trust is a mechanism for four types of annual payments:
- Payments to Manufacturers of Certain Worsted Wool Fabrics
- Payments Under the Monetization of the Wool Tariff Rate Quota
- Wool Yarn, Wool Fiber, and Wool Top Duty Compensation Payments
- Refund of Duties Paid on Imports of Certain Wool Products
No comments:
Post a Comment