Miscellaneous Tariff Bill (MTB) Portal NOW CLOSED – Dozens of Travel Goods Petitions Submitted
The Miscellaneous Tariff Bill (MTB) portal is NOW CLOSED. By the deadline on December 10, companies had filed 3,397 petitions, including 40 travel goods petitions. Through the MTB process, Congress allows importers to petition for the temporary reduction or elimination of tariffs on U.S. imports of certain products as long as there is no U.S. production of the product. The process ends with Congress voting on a final package of MTB provisions in fall 2020, with the temporary tariff reductions going into effect January 1, 2021 for a period of three years. The next step is a public comment period that begins mid-January for companies to support or oppose petitions. MTBs provide a great opportunity to mitigate tariffs.
No Good News Yet for Travel Goods as China Tariff Exclusion Process Moves Excruciatingly Slow
The U.S. government’s review of the 30,322 tariff exclusion requests for the 25% punitive tariffs on U.S. imports from China has not moved forward at all since last week’s Brief. The U.S. government to date has only reviewed 5,073 petitions – a mere 16.7% of all petitions two months after the Sept. 30 deadline. Further, only 236 petitions have been approved to date, none for travel goods. 146 companies filed a combined 863 exclusion petitions on travel goods. To date, 94 of those petitions have been denied, only four of which covered luggage. That means only 11.2% of all travel goods petitions have been reviewed to date. TGA has urged the U.S. government to accelerate its review.