The National Association of Manufacturers (NAM), American Chemistry Council (ACC) and CropLife America, along with reps from 16 manufacturing companies, joined together on Wednesday to meet with 17 congressional offices, including 15 lawmakers and staff on the House Ways and Means Committee, urging immediate action to renew the Miscellaneous Tariff Bill (MTB).
The previous MTB expired in December 2020. Since then, manufacturers and other businesses continue to pay $1.3 million per day in tariffs—that amounts to $1.5 billion over three years that should and can be invested in job creation and innovation.
In a statement, NAM said manufacturers in the U.S. cannot afford such a direct economic hit and need action to be taken as soon as possible. The association says MTB legislation will increase competitiveness, spur growth and support the success of manufacturers, farmers, businesses, workers, consumers and communities throughout the U.S.
According to the ACC, the MTB would support advanced manufacturing in the U.S. and domestic chemical production used to make products in key agriculture, food production and industrial sectors.
