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Temporary Suspension of Tariffs on Titanium Sponge to Secure US Manufacturing.

This law temporarily removes import taxes (duties) on titanium sponge, a critical raw material used in aerospace and defense manufacturing. The goal is to lower costs for US companies and strengthen domestic supply chains vital for national security. The tariff suspension is set to last until the end of 2031, unless the President determines that domestic production is sufficient to meet national security needs sooner.
Key points
Import taxes (tariffs) on titanium sponge are suspended, potentially lowering costs for US manufacturers of high-tech products.
The tariff suspension does not apply to imports from Russia, Belarus, Cuba, and North Korea, maintaining economic pressure on these nations.
The President must annually review US titanium production capacity and can end the duty suspension if domestic supply is deemed sufficient for national security.
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Additional Information
Print number: 118_HR_8912
Sponsor: Rep. Wenstrup, Brad R. [R-OH-2]
Process start date: 2024-06-28