Search Results for keywords:"tariff collection systems"

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Search Results: keywords:"tariff collection systems"

  • Type:Notice
    Citation:90 FR 12123
    Reading Time:about a minute or two

    The Department of Commerce, through the Bureau of Industry and Security, has issued a notice certifying that the systems to process and collect tariffs on aluminum and steel imports into the United States are adequate. This follows the President's Proclamations on February 10, 2025, which adjusted the import duties on these materials. The certifications confirm that the necessary processes are effectively in place to handle tariff revenue for both steel and aluminum, ensuring compliance with the new import duties set by the proclamations.

    Simple Explanation

    The government has checked and said they have good systems to make sure that when someone brings metal like steel and aluminum into the country, they pay the right amount of money called a "tariff." This helps the country collect money the right way.