Article
New Us Foreign Importer Of Record Rules
The Trump Administration's Executive Order 14411 introduces sweeping changes to foreign importer of record (FIOR) rules that will fundamentally alter how Canadian businesses import goods into the United States. These new regulations eliminate informal entry options, impose stricter bonding requirements, and establish a minimum 50% penalty floor for non-compliance, placing unprecedented emphasis on accurate tariff classification, valuation, and origin declarations.
Millar Kreklewetz