End Trump’s Tariff Tax Act

Refunds for Importers: The bill requires the Commissioner of U.S. Customs and Border Protection to automatically refund certain duties, plus interest, to importers (Section 5(a)). This eliminates the need for importers to submit documentation or make explicit requests to receive their money back (Section 5(f)).

Support for Small Businesses: The Commissioner is directed to prioritize the payment of these refunds to small business concerns, to the extent practicable (Section 5(e)).

Termination of Specific Duties: The Act terminates duties imposed pursuant to investigations regarding the alleged failure of countries to enforce prohibitions on goods produced with forced labor (Section 2(a)).

Removal of Other Duty Authorities: The bill repeals the authority to impose duties based on balance-of-payments (Section 3) and discrimination by foreign countries (Section 4), which would end the force or effect of duties previously imposed under those specific provisions (Section 3(d) and Section 4(c)).

Repeal of Enforcement Tools: The bill repeals the authority to use duties to respond to the alleged failure of various countries to effectively enforce prohibitions on the importation of goods produced with forced labor (Section 2(b)).

Loss of Trade Authority: The bill repeals the balance-of-payments authority under Section 122 of the Trade Act of 1974 (Section 3(a)) and the authority to impose duties in response to discrimination by foreign countries under Section 338 of the Tariff Act of 1930 (Section 4(a)).