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In this The Liberty Daily article, Tom Gantert reports that President Trump signed an executive order aimed at tightening customs enforcement, increasing tariff compliance, and cracking down on import-related fraud.
- The executive order directs DHS and Customs and Border Protection to strengthen customs-law enforcement, improve duty collection, and target fraud in the import system.
- Importers could face higher bonding requirements and new rules requiring a minimum level of tangible domestic assets, bonding, or both.
- The order would restrict informal entry filings to U.S.-based importers while imposing tougher requirements on foreign importers.
- The administration says the reforms are meant to close loopholes and outdated processes that have allowed bad actors to evade federal law.
- Peter Navarro claimed the overhaul could save $15 billion in the first year and $25 billion in the second.
- The order includes new disclosure and certification requirements to combat duty evasion and supply-chain violations.
- CBP would also face a 50 percent minimum penalty floor for violations, limiting discretion to reduce penalties against offending importers.
- The reforms will not take effect immediately, as DHS and CBP are expected to work through rulemaking and give stakeholders time to adjust.
- The White House connected the move to Trump’s earlier suspension of the de minimis exemption, which had allowed packages under $800 to enter duty-free and was criticized as a loophole for foreign shippers and illicit goods.
- CBP Commissioner Rodney Scott framed the order as an “America First” trade-enforcement measure, arguing that economic security is national security.
Read the full story: https://thelibertydaily.com/trump-signs-executive-order-crack-down-customs-fraud/
