House Passes Tariff Bill Aimed At Helping U.S. Manufacturers

The House of Representatives voted overwhelmingly last month to temporarily lift tariffs on hundreds of imported raw materials used by U.S. manufacturers, Industry Week reports. The legislation, which must still be approved by the Senate, aims to help U.S. manufacturers by reducing the costs they face to make their products.

“Manufacturers are pleased the House of Representatives passed the Miscellaneous Tariff Bill. NAM [National Association of Manufacturers] has been working relentlessly to educate Congress on the importance of this bill and how it will preserve and expand good American jobs. This legislation will also cut the costs of doing business in the United States and boost American manufacturing exports. In fact, studies show that if enacted, these provisions would increase production by $4.6 billion and support almost 90,000 jobs,” said John Enlger, NAM CEO.