According to a trade alert sent out Wednesday by Rich Harper of the Outdoor Industry Association, legislation supported by OIA that will lower costs on certain outdoor footwear products officially went into effect on Saturday, October 13.
Last month, President Trump signed a package of Miscellaneous Tariff Bills (MTBs) into law. Ten footwear MTBs developed and submitted by OIA covering a wide range of outdoor performance footwear were included and will lower the tariffs on those products for three years. You can learn more about the footwear products, including the new tariff codes and duty rates, here.
MTBs reduce or suspend import duties on certain products, including inputs and some finished products, for three years. These petitions are fully vetted to ensure that there is no domestic production and do not cost more than $500,000 each.
Outdoor companies have successfully utilized past MTB rounds to save more than $40 million which led to lower costs, product innovation and more American jobs.
A new MTB round will begin in 2019, and OIA is soliciting ideas for new products to be covered. Contact Harper at rharper@outdoorindustry.org to learn more about how you can get involved.
