Earlier this year, a baby formula shortage caused panic around the nation. While temporary FDA approval of several foreign brands helped to increase formula supply, millions of families could soon be thrown back into uncertainty as the FORMULA Act, which eliminated tariffs on formula imports, is set to expire at the end of this month.
The expiration of the FORMULA Act will mark a return to an anti-market policy which is likely to rapidly increase the price of imported baby formula. As U.S.-manufactured formula supplies are still down—though notably better than during the height of the shortage—the return of tariffs could soon cause a major uptick in the number of families struggling to find enough formula to feed their children.
