U.S. Customs and Border Protection’s latest monthly operational update reports that the agency saw a smaller volume of trade last month as well as fewer forced labor shipments.
In July CBP processed more than 3.0 million entry summaries (down from 3.1 million in June) valued at more than $262 billion (down from $278 billion) and identified nearly $7.0 billion in estimated duties to be collected (unchanged).
CBP targeted 388 shipments (down from 405) valued at more than $107 million (down from $239 million) for suspected use of forced labor in the production of imported goods, including goods subject to withhold release orders, forced labor findings, or the Uyghur Forced Labor Prevention Act. Targeted shipments include those that are further inspected but not detained, detained and released, detained and exported, or detained and abandoned. (For more information on ST&R’s comprehensive suite of forced labor-related services, please contact us at supplychainvisibility@strtrade.com).
CBP also seized 1,698 shipments (down from 1,709) that contained counterfeit goods valued at more than $165 million (up from $120 million).
CBP appears to have stopped providing monthly statistics on the number of audits completed, the value of duties and fees owed to the U.S. government stemming from improperly declared goods, and the value of identified revenue collected from completed audits.
Copyright © 2024 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.