Trump Expected to Order Duty Deferral
Wednesday April, 1. 2020
The WSJ and Bloomberg.com are reporting that President Trump will likely sign an executive order this week to allow a duty deferral of up to 90 days. While the details are not known the following is being reported:
The deferral will only apply to “regular” duties and will not apply to the additional China duties
Importers will be required to pay the deferred duty within a specified timeframe after the 90 day period ends
Other duties (antidumping, steel duties, aluminum duties, etc.) will likely NOT be allowed under the deferral program
We hope to have more details later this week and will share those at that time. Please feel free to contact us at info@tradelogicintl.com with any questions.
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