Live Webinar | President Trump’s Tariffs Raise Customs Compliance Risks

Tariffs and international trade news may be shifting daily, but one thing is clear for US importers: customs enforcement will be a priority as indicated by President Trump’s proclamations imposing new tariffs. It is time for companies importing goods into the US to assess their customs compliance, including tariff classification, customs valuation and country of origin declarations. Failure to do so can pose significant legal and financial risks. The government has various enforcement tools with both civil administrative and criminal penalties and the Department of Justice has indicated its intent to vigorously prosecute customs fraud under the False Claims Act (FCA). Organizations would be well-advised to update their internal controls to ensure compliance and avoid unnecessary risk.

In this half-hour practical discussion on Thursday 22 May, two of FRA’s forensic accounting experts and customs and international trade lawyer Evelyn Suarez combine their extensive US regulatory experience to offer insight into what companies can be doing now. From customs classification, valuation and country of origin compliance to voluntary disclosures and competitor-driven FCA claims, they will explore how counsel and compliance professionals can proactively manage risk in a fast-changing trade environment.

What we will discuss:  

• An overview of the legal authorities used for the tariffs imposed to date and the growing role of the False Claims Act qui tam actions.
• How compliance errors in tariff classification, customs valuation and country of origin declarations can trigger costly penalties - and how to avoid them.
• How to assess potential violations, weigh voluntary disclosure, and defend against enforcement action.

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