President Signs Base Powder Tariff Change
On Oct. 10, President Joe Biden signed into law a temporary change to the 13.6% tariff plus $1.035/kg tariff on base powder that's an input to baby formula (see 2209290068). The tariffs go to zero through Dec. 31, 2022. The…
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change is aimed at increasing domestic production of baby formula, as there are still shortages after a major domestic producer closed for months. The duty-free eligibility is limited to the first 2,600 metric tons imported.