Trade Update • May 24, 2023 I
n April 2023, U.S. Customs and Border Protection (CBP) processed more than 2.6 million entry summaries valued at more than $257 billion, identifying estimated duties of nearly $6.5 billion to be collected by the U.S. government. In April, trade via the ocean environment accounted for more than 42% of the total import value, followed by air, truck, and rail.
Forced Labor Decrease
In April 2023, CBP identified 377 shipments valued at more than $159 million for further examination based on the suspected use of forced labor, and which may be subject to a Withhold Release Order, Forced Labor Finding, or the Uyghur Forced Labor Prevention Act’s rebuttable presumption, and prohibited importation into the United States under 19 U.S.C. § 1307.
Intellectual property rights violations continue to put America’s innovation economy at risk. Trade in counterfeit and pirated goods threaten the competitiveness of U.S. businesses, the livelihoods of American workers, and the health and safety of consumers.
In April 2023, CBP seized 1,864 shipments that contained counterfeit goods valued at more than $2.7 billion.
CBP completed 33 audits that identified $136 million in duties and fees owed to the U.S. government, stemming from goods that had been improperly declared in accordance with U.S. trade laws and customs regulations. CBP collected over $2 million of this identified revenue and from previous fiscal years’ assignments.
Questions about the this April report on CBP’s actions and if your goods have been affected? We are always here to help, contact us.