Enhanced Collection and Enforcement of Antidumping and Countervailing Duties
Apr 5, 2017
Signed by: Donald Trump
Signed on: Mar 31, 2017
Published on: Apr 5, 2017
Apr 5, 2017
Signed by: Donald Trump
Signed on: Mar 31, 2017
Published on: Apr 5, 2017
Summary
Creates new plans to make sure importers pay required taxes and to stop violations of trade and customs laws, protecting U.S. businesses.
What problem does this solve?
The U.S. government was not collecting billions of dollars in special taxes from importers who were breaking trade rules. This order requires new plans to make risky importers pay a security deposit and increases efforts to catch and punish trade law violators.
What does this order do?
New plan for importer security bonds
Requires the Secretary of Homeland Security to create a plan for making certain importers, especially new or unreliable ones, provide a security deposit (bond) to cover special import taxes.
Reference
Text:
Section:
Header:
Trade and suspected customs law violations enforcement
Strategy to combat trade violations
Directs the Secretary of Homeland Security to develop a plan to fight against violations of U.S. trade and customs laws and to stop illegal goods from entering the country.
Reference
Text:
Section:
Header:
Trade and suspected customs law violations enforcement
Increased information sharing for counterfeit goods
Allows U.S. Customs and Border Protection (CBP) to share information with companies to help them identify fake products and protect their intellectual property rights.
High priority for prosecuting trade crimes
Tells the Attorney General to make prosecuting major trade law violations a high priority and to provide the necessary resources to do so.
Who does this affect?
- Importers
- U.S. businesses and manufacturers
- U.S. Customs and Border Protection (CBP)
What is the real world impact?
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Protects U.S. businesses and government revenue
Ensures that foreign companies cannot unfairly undercut American businesses by avoiding special taxes (duties). It also helps the government collect money it is owed.
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Increases enforcement against counterfeit goods
Gives customs officials more power to work with companies to identify and stop fake products from entering the country, protecting intellectual property rights.
When does this start?
This order sets several deadlines for federal agencies to create new plans and strategies.
Plan for importer security bonds
Within 90 days of March 31, 2017, the Secretary of Homeland Security must develop a plan for requiring security bonds from certain importers.
Reference
Text:
Section:
Header:
Trade and suspected customs law violations enforcement
Strategy for trade law enforcement
Within 90 days of March 31, 2017, the Secretary of Homeland Security must create a strategy for combating violations of U.S. trade and customs laws.