Tariffs on baby formula imports to be reinstated in new year

Tariffs on imported baby formula, suspended due to a shortage earlier this year, are set to be reintroduced in the new year.

A crippling supply shortage in the United States made formula difficult to obtain for many parents, resulting in Congress temporarily waiving tariffs on imports in order to increase the supply. Lobbying from the U.S. dairy industry, which produces key ingredients for formula, helped convince Congress not to renew the tariff waivers in 2023, the Wall Street Journal reported. Dairy lobbyists argued that production had increased enough to where the waivers were no longer necessary.