Bill Aims To Extend Trade Programs, Slash Duties

Law360, New York (December 15, 2010, 7:25 PM EST) -- The U.S. House of Representatives has passed a tariff bill that would extend two trade preference programs for 18 months and lower duties on hundreds of imported goods, a move that is being hailed by domestic industry as a means of slashing the costs of doing business in the United States and boosting American manufacturing exports.

H.R. 6517, the Omnibus Trade Act of 2010, was introduced Monday by Rep. Sander M. Levin, D-Mich., and passed by voice vote on Wednesday. It now heads to the U.S....
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