Supply Chain Management

House votes to let manufacturers seek lower import tariffs

By Bloomberg News via the Boston Globe

Apr 28, 2016

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The House voted to let US manufacturers seek lower tariffs on some imported materials they use in their products — a boost at a time when much of the congressional trade agenda is on hold.

The measure would let companies ask the International Trade Commission to reduce or suspend tariffs on chemicals or other items that generally aren’t available in the United States. Since 2013, companies have paid about $2.5 billion in higher taxes on such imports, according to the National Association of Manufacturers.

Read the full story on bostonglobe.com.