Earl Blumenauer Unveils New Legislation to Fix Import Loophole, Level Playing Field, and Boost Oversight
19 January 2022, Mumbai:
NCTO Would like to share the following press release from Rep. Earl Blumenauer (D-OR), chairman of the House Ways and Means Trade Subcommittee, on new legislation he introduced today to “stop non-market economies and goods from exploiting the de minimis threshold that allows imports valued under $800 to come into the United States without paying duties, taxes, or fees.”
A quote from NCTO President and CEO Kim Glas is highlighted:
“We are very supportive of Chairman Blumenauer’s bill, which would effectively prohibit China and all nonmarket economies from exploiting the Section 321 de minimis mechanism in U.S. trade law, a damaging loophole that has severely undermined U.S. companies and workers and our Western Hemisphere trade partners, while also endangering American consumers.
We applaud the chairman’s leadership on this critical issue and look forward to working with the House Ways and Means Trade Subcommittee to move this legislation forward,” said National Council of Textile Organizations President and CEO Kim Glas.
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