To amend the Internal Revenue Code of 1986 to impose a tax on United States-bound circumvented cargo through Canada or Mexico and entering the United States.

The bill would impose a 0.125% tax on cargo that is shipped by ocean to Canada or Mexico and then transported into the United States by rail, highway, air, or inland port—referred to as "United States-bound circumvented cargo"—to discourage tariff avoidance through transshipment. The tax would apply to the value of such cargo as determined by U.S. customs laws and would be paid by the importer at the time of entry into the United States. The tax would take effect for cargo entering the U.S. after December 31, 2025, and the Secretary of the Treasury would issue regulations to enforce compliance and collect the tax.

No official summary is available here. This one was written by AI from the bill’s text.