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Duty Evasion

All articles tagged with #duty evasion

Trump Unveils Sweeping Customs Reform to Tighten Import Rules
politics1 day ago

Trump Unveils Sweeping Customs Reform to Tighten Import Rules

President Trump signed an executive order directing DHS and CBP to overhaul U.S. customs enforcement with tougher importer-of-record requirements (bonding, assets, good standing), new disclosure/certification rules to curb duty evasion, a 50% minimum penalty floor, expanded seizure/disposal powers, and increased transparency, all aimed at national security and a stronger, more compliant trade system. The reforms will go through rulemaking and are part of an America First trade policy, including de minimis restrictions and reciprocal-trade commitments; the changes will not take effect immediately.