President Trump is easing off at the border and deferring some duties and fees on imports for 90 days. 🔐
President Trump is easing off at the border and deferring some duties and fees on imports for 90 days — but he’s not giving up his trade war for the coronavirus fight.
The three-month deferment will cover payments for goods imported in March and April and be available to companies seeing “a significant financial hardship.”The duty deferrals, though, don’t apply to goods associated with antidumping and countervailing duties and Section 201, 232 or 301 trade remedies — the trade war tariffs are still on in full.
Importers welcomed the news of the duty deferrals, but pushed for more, and the key textile trade group viewed the move skeptically. Lamar also called for additional stimulus measures, including more funding for the Paycheck Protection Program, inventory tax credits and main street lending for all.
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