President Trump Issues Executive Order Deferring Payments Of Some Duties, Taxes, And Fees
On Sunday, April 19, President Donald Trump issued an executive order that will give the Trump administration the flexibility to allow importers who have faced a significant financial hardship during the COVID-19 response to defer the payment of certain duties, taxes, and fees for up to 90 days.
This payment flexibility will be available only for importers with a significant financial hardship.
Excluded from this deferral are duties imposed under antidumping or countervailing duty orders, tariffs on steel and aluminum imposed under Section 232 of the Trade Expansion Act of 1962, and tariffs imposed under Sections 201 and 301 of the Trade Act of 1974. Click here to read the U.S. Customs and Border Protection’s temporary final rule regarding the order.