The U.S. Treasury Department and the Customs and Border Protection Agency jointly issued a provisional rule on the evening of the 19th to allow importers facing “serious financial difficulties” during the New Crown Outbreak to postpone paying certain types of duties and taxes for 90 days.
However, the anti-dumping and countervailing tariffs promulgated by the US government, the punitive tariffs imposed under the provisions of the US Trade Act “201”, “232” and “301” are not Affected by this rule.
The above regulations are based on an executive order signed by US President Trump on the 18th. The executive order requires the US Treasury Secretary to consider temporarily extending the deadline for importers facing severe financial difficulties due to the epidemic to pay customs duties. However, these measures did not meet market expectations, and some economists and trade experts warned that the US government ’s previous measures to impose tariffs on imported commodities would hinder the United States ’efforts to prevent and control the epidemic and promote economic recovery.
In response to the epidemic, Trump officially declared a “national emergency” on March 13; on the 18th, the National Taxation Bureau under the US Treasury Department announced that it will be affected by the epidemic. The tax declaration period of some individuals and companies affected was extended from April 15 to July 15; on the 27th, Trump signed a fiscal expenditure bill of about 2.2 trillion U.S. dollars to bail out American families and businesses affected by the epidemic. .
(Originally titled “The United States allows some importers affected by the epidemic to postpone paying customs duties”)