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Trump signs a tariff relief bill into law

The purpose of MTB is to reduce or eliminate what many businesses claim are unfair, out-of-date and/or anti-competitive taxes.

President Trump signed into law a Senate Bill that would cut or eliminate tariffs on articles such as chemicals, footwear, toasters, and roughly 1,660 other items made outside the United States.

H.R. 4318, the “Miscellaneous Tariff Bill Act (MTB) of 2018,” which provides for duty suspensions and reductions for specified chemicals and other items through December 31, 2020.

The purpose of MTB is to reduce or eliminate what many businesses claim are unfair, out-of-date and/or anti-competitive taxes.

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