A second wave of tariff dominance has overtaken America’s economy after nearly a century, and the industry must now contend with a new era of compliance.
With the imposition of President Donald Trump’s sweeping International Emergency Economic Powers Act (IEEPA) duties, imports are now facing the highest tariff rates seen since the Great Depression.
The expansive tariff policies have ushered in new mechanisms for enforcement. The Trump administration’s Department of Justice launched a Trade Fraud Task Force last fall—bringing together the collective powers of the Department of Homeland Security, Customs and Border Protection (CBP) and Immigration and Customs…