Trusted Importer Program: Reduced Tariffs to Boost US Manufacturing Competitiveness.
This act establishes a certification program for importers who demonstrate high compliance and supply chain security standards. Certified "Trusted Importers" will receive licenses allowing them to pay reduced or waived tariffs on specific articles, aiming to strengthen the US economy and manufacturing sector. The goal is to enhance competitiveness, protect domestic supply chains, and exclude entities posing national security risks.
Key points
Creation of a "Trusted Importer" certification program granting 10-year licenses for reduced or waived import tariffs on certain goods.
Tariff reductions are determined by the President based on criteria promoting US manufacturing competitiveness and protecting domestic supply chains.
Entities linked to prohibited foreign entities or those threatening national security are ineligible for the program.
Status:
Introduced
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