Industry faces deadline for tariff relief bill

By Stephen Frothingham

WASHINGTON, D.C. (BRAIN) — Katy Hartnett wants to hear from suppliers who want Congress to ease or suspend import tariffs on parts, accessories or products that they sell in the U.S.

Hartnett, PeopleForBikes’ government relations director, said the industry is facing an Oct. 15 deadline to submit a list for the International Trade Commission to consider for tariff relief.
Hartnett, who has a long history of working on transportation issues and who joined PFB in 2014, said to get an item on the list the key requirements are simple.

There should be none or limited manufacturing of the product in the U.S., and easing or removing the duty should cost the federal government less than $500,000 annually in revenue.

In the past, products like bicycle speedometers, child carriers, chain covers, unicycles, steel tubing, bicycle rims, brakes and cranks and other parts enjoyed duty relief.

“While all these items may be good candidates for relief, we also need to know what other products might satisfy the criteria provided by the new law,” a PFB notice sent to the industry said.

PFB and the Bicycle Product Suppliers Association are working together to finalize that list for submission under a new law, the American Manufacturing Competitiveness Act, passed …read more

Via:: Bicycle Retailer and Industry News