Synalloy Corporation Applauds Executive Order on Improved Duty Collection
Synalloy Corporation (SYNL)
US:NASDAQ Investor Relations:
investor.synalloy.com/investor-relations
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Source: GlobeNewswire
Order directs CBP to conduct risk assessment and develop plan for AD/CVD Collection;Aims to prevent fraud by importers; fraud has cost billions in duty Collection RICHMOND, Va., April 03, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation applauds the issuance of an executive order on improved duty collection by President Donald J. Trump on March 31, 2017. The executive order, effective immediately, gives U.S. Customs and Border Protection (CBP) 90 days to conduct a risk assessment for certain importers and develop a plan that will improve collection of antidumping and countervailing duties. Fraudulent practices have cost the United States billions of dollars in duty collection. “This executive order will help our fight against unfair trade,” said Craig Bram, Chief Executive Officer of Synalloy Corporation. “Importers are exploiting loopholes in our laws, and closing them is a step towards fairer trade practices and relief for our company, its employees and their communities.” As o
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