Fri January 19, 2018

The House of Representatives passed H.R. 4318, the Miscellaneous Tariff Bill of 2018 or MTB, on January 16 by a vote of 402-0. The MTB would temporarily reduce or suspend tariffs on a variety of imported products—including chemicals and plastics—that are either available from domestic sources on a limited basis or not available domestically at all. 

The legislation, which PLASTICS supported, includes nearly 1,700 petitions from the 1,800 petitions recommended by the International Trade Commission (ITC) in its final report of 2,525 petitions received from U.S. businesses for tariff relief. A new petition process established under a 2016 law was used for this bill. In the past, members of Congress submitted bills proposing tariff changes to the ITC for review and recommendation. Action on a companion measure in the Senate, S. 2108, has yet to be scheduled.