There’s never been a better time to be aware of antidumping (AD) and countervailing (CV) duties for your products. A recent Executive Order signed by President Trump has put these particular duties in the spotlight. Now more than ever, importers need to be cognizant of possible AD/CV orders for their existing and new products, as the government will be more vigilant in collecting these duties.
According to the Executive Order, as of May 2015, $2.3 billion in antidumping and countervailing duties remained uncollected. To recover these revenues, the Executive Order calls for U.S. Customs to develop a plan to impose appropriate bond requirements on certain items based on risk assessment criteria.
Don’t be caught in the dark—these duties can come back to haunt you. Take a look at our white paper where we discuss these issues and how to make sure you are prepared if your product is covered under an antidumping or countervailing order.
By Danielle Passage