Washington D.C. May 3, 2022 – The Sports & Fitness Industry Association sent a letter to Senate leaders yesterday requesting the inclusion of a new, transparent exclusion process for Section 301 tariffs on products made in China. Moody’s estimates that only 7.6% of the tariff costs were absorbed by China with ‘the rest of the tab picked up by Americans’.
SFIA joined more than 200 organizations in pushing the Senate to retain language that re-opens a more transparent exclusion process in the final version of trade legislation currently being negotiated with the House. The House trade bill did not include China Exclusions for tariff relief.
Congress is aiming to vote on a Trade Bill this month, and SFIA is pushing for tariff relief via renewal of the Miscellaneous Tariff Bill (MTB), the Reauthorization of the Generalized System of Preferences (GSP) program, and the re-opening of the China Exclusion process. In total, these three moves would offer SFIA members 100s of millions of dollars in tariff relief annually.
For more information, please contact Bill Sells, SVP Government Relations & Public Affairs, at [email protected].