Trusted Importer and Competitive Manufacturing Act of 2025

Key Points

• This bill creates a new "Trusted Importer" program for businesses that follow trade laws and keep their supply chains secure. Companies that qualify can receive a special license that lasts for 10 years, allowing them to bring goods into the country more easily.
• Once a company is certified as a trusted importer, the government can lower or completely remove the taxes (tariffs) they pay on certain imported items. This is designed to help American manufacturers get the materials they need at a lower cost so they can stay competitive with foreign businesses.
• To qualify, companies must prove they are financially stable and that their operations help support American manufacturing. Businesses that are owned or controlled by certain foreign adversaries are strictly banned from joining the program or receiving any tax breaks.
• The program includes strict rules to prevent cheating. If a company lies on its application, helps with smuggling, or violates trade laws, the government can take away its license. The Secretary of Commerce will also check every two years to see how the program is affecting American jobs and factories.
• These tax breaks will not apply to every import. Special penalties meant to stop foreign countries from selling goods at unfairly low prices will stay in place, and any tariffs that were already active before 2025 will not be reduced under this specific plan.

Votes

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Related Bills

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