Lasko Products LLC is the only U.S. manufacturer of electric pedestal and desktop fans sold at retailers across the United States, but Lasko pays import taxes upward of 4 percent on fan motors, making it more difficult for the company to compete with fans imported from China.
The Goodyear Tire & Rubber Company manufactures off-the-road earth-moving tires in the United States, but pays import taxes of 3.1 percent on certain large molds used to apply the heat and pressure that give the company’s tires their final shape.
What do fan motors and tire molds have in common? These products are not made in the United States, but out-of-date and distortive tariffs levied on their importation undermine the competitiveness of manufacturers in the United States by imposing unnecessary costs.
Lasko and Goodyear are among the more than 190 organizations, representing industries ranging from chemicals, agriculture, textiles and footwear to electrical equipment, machinery and sporting equipment, that signed a letter sent today to Congress urging expedited passage of the Miscellaneous Tariff Bill (MTB) Act of 2017 (H.R. 4318 and S. 2108). The legislation would correct, on a temporary basis, historical distortions in the U.S. tariff code by eliminating border tariffs on imported products, such as fan motors and certain large tire molds, for which there is no or insufficient domestic production and availability.
The MTB Act of 2017 includes nearly 1,700 petitions determined through rigorous processes to be eligible for import duty relief as products not produced or available in the United States. Based on analyses by the National Association of Manufacturers (NAM), the MTB Act of 2017 would eliminate import tariffs of more than $1.1 billion over the next three years and boost U.S. manufacturing output by more than $3.1 billion.
The NAM urges Congress to move quickly to pass the comprehensive MTB Act of 2017 to turbocharge manufacturing across the United States, helping businesses improve their competitiveness, grow and provide well-paying jobs across the country.