SILVER SPRING, MD (Sept. 14, 2018) — President Trump signed the Miscellaneous Tariff Bill (MTB), which will lower existing tariffs on a wide variety of imported goods. The Sports & Fitness Industry Association (SFIA) led over 30 successful petitions on various industry products, which will now receive duty relief under the new, revised MTB.
The lower duty rates will go into effect on Oct. 13, 2018 and remain in effect until Dec. 31, 2020. This is a huge victory for the sports and fitness industry that will lead to $16.5 million in duty relief annually on sports & fitness products.
Over 30 products in the sports and fitness industry will benefit from the MTB, including the following:
SFIA will start the MTB renewal/expansion process in late 2019.