Bill Proposes Elimination of Duty Exemption for Low-Value Imports from China and Other Countries
Highlights
Chair of the House Trade Subcommittee introduced the Import Security and Fairness Act this month
The act aims to prevent goods imported from non-market economies, such as China, from benefiting from a U.S. law that permits certain imports valued at or less than $800 to avoid formal customs clearance procedures and so-called “de minimis tariff” provision
Companies that import such possibly impacted goods should consider monitoring this and related legislation
A new bill – the Import Security and Fairness Act – introduced in the U.S. House by Rep. Earl Blumenauer, chair of the House Ways and Means Trade Subcommittee, would require all imports from non-market economies, such as China and Vietnam, as well as countries on the United States’ “intellectual property watch list,” to 1) go through a formal customs entry process and 2) pay tariffs, regardless of the value of the imported items.
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