Since the 1980s congress has, from time to time, enacted temporary duty suspensions relating to articles not available from domestic sources. A long list of duty suspenstion provisions are bundled into a single bill, which may, or may not, be officially named the "Miscellaneous Tariff Bill," but which is always refered to as the MTB.
The last MTB was passed in September 2018 and provided for temporary suspensions of duties through December 31, 2020. Those expired duty suspensions included 74 relating to textile fiber, yarn, or fabric. On May 27, 2021, the Senate passed its version of MTB renewal. Of the 74 expired provisions, the Senate bill renews 45 with no changes, renews 12 with modifications to the article description, renews two with changes to the rate of duty (in some cases the MTB does not fully eliminate the tariff, rather it merely reduces the rate). The remaing 15 are not renewed. Additionally, the Senate bill creates 46 new duty suspensions relating to textiles.
Now attention moves to the House.
Agathon Associates has done a detailed analysis of the Senate MTB, to receive it please email David Trumbull at david@agathonassociates.com.
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