Increased Tariffs for Steel and Aluminum

Posted on: September 13th, 2018 • In Bonds

On March 8, 2018 the President issued proclamations to increase the tariffs/duties owed on the importation of steel and aluminum articles into the United States.  These changes have caused some concern in the U.S. Customs and Border Protection (CBP) world, especially regarding the bond amounts for continuous Importer bonds.  Since

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CBP Insufficiency

Posted on: September 13th, 2018 • In Bond Type: 301-1 - Importer

CBP periodically monitors the sufficiency of active bonds they have on file.  If they find that an active Importer bond is not sufficient according to it’s published directive, which is based on the import activity of the principal, they may do one of two things.  (1) In the event that

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