Due to Congressional inaction, the MTB and GSP programs expired on December 31, 2020. A bill for the GSP program’s reauthorization has gained significant traction and passed out of the House Ways and Means Committee, but there is no current status on a bill to reauthorize MTB.
As required by law, the Section 301 tariffs are undergoing review by the U.S. Trade Representative (USTR). The findings should have been published by the end of 2023 but have not been released yet. The Section 301 exclusion processes were ended in 2021 and the majority of the previously granted exclusions expired.
SOCMA supports the reauthorization of MTB and GSP, with provisions for retroactivity to Jan 1, 2021. SOCMA endorses reopening the exclusion process to all products on the Section 301 tariff lists, with greater transparency throughout the process and established criteria for obtaining an exclusion.
SOCMA urged Congress by including a robust Miscellaneous Tariff Bill with full retroactivity in final legislation that combines the United States Innovation and Competition Act with the America COMPETES Act.
SOCMA formally requested that the Office of The United States Trade Representative (USTR) reinstate an exclusion process for chemicals imported from China that are currently subject to a 25% surtax under the Section 301 investigation of China.
SOCMA provided the U.S. International Trade Commission (USITC) with input during its investigation into the economic impact of the Section 232 and 301 Tariffs on U.S. Industries.
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