Obama Inks Tariff Relief Bill

Law360, New York (August 11, 2010, 4:20 PM EDT) -- President Barack Obama signed into law Wednesday legislation that reinstated the suspension of tariffs on hundreds of products in a bid to boost the competitiveness of U.S. manufacturers.

The Manufacturing Enhancement Act of 2010 temporarily restores hundreds of duty suspensions and reductions on intermediate products or materials manufacturers use that are not made domestically or are opposed by domestic producers.

The Obama administration said the legislation would stimulate manufacturing jobs by making it cheaper and easier for U.S. companies to make and export products.

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