President Donald Trump signed an executive order on June 3 directing a broad overhaul of U.S. customs enforcement aimed at strengthening compliance with customs laws, improving duty collection, and combating fraud.
The order directs the Department of Homeland Security (DHS) and U.S. Customs and Border Protection (CBP) to increase requirements for importers, including higher bonding requirements and a requirement that importers maintain a minimum level of tangible domestic assets, bonding, or both.
