Import Duty Refunds and Trade Tariff Notice Changes
This act allows importers to claim refunds for additional duties paid on certain European Union products in 2019 and 2021. It also requires a 60-day advance notice before new retaliatory tariffs are imposed, giving businesses more time to prepare for changes. This aims to support retailers and importers by reducing their financial burdens.
Key points
Importers can request refunds for extra duties paid on EU goods during specific periods in 2019 and 2021.
A 60-day advance notice is now required before new retaliatory tariffs take effect, allowing businesses to adjust.
U.S. Customs and Border Protection must create a refund application process within 90 days of the act's enactment.
Status:
Expired
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