The U.S. House of Representatives late Tuesday, January 16, 2018, passed H.R. 4318, the “Miscellaneous Tariff Bill Act of 2018.” The vote was 402 to 0 in favor of passage.
With the House vote, the bill is being sent to the Senate for its consideration.
Read text of the 505-page tariff bill [PDF 1.15 MB]
According to a release from the House Ways and Means Committee, the bill would temporarily reduce tariffs on approximately 1,700 different products that are not otherwise available in the United States. This is the first miscellaneous tariff bill in seven years, since the last one expired in 2012.
For more information, contact a professional with KPMG’s Trade & Customs practice:
Douglas Zuvich | +1 (312) 665-1022 | firstname.lastname@example.org
Andrew Siciliano | +1 (631) 425-6057 | email@example.com
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