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Trade Act Amendment: Tire Articles Excluded from Tariff Preferences

This bill aims to exclude certain tire articles from the Generalized System of Preferences. This means imported tires that previously benefited from lower tariffs will now be subject to standard duties. This could impact tire prices in the market, potentially increasing costs for consumers and businesses.
Key points
Certain imported tire articles will no longer receive preferential tariff treatment.
This may lead to higher tire prices for consumers and businesses.
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Additional Information
Print number: 118_HR_5593
Sponsor: Rep. Higgins, Brian [D-NY-26]
Process start date: 2023-09-20