Secure Trade Act

The Secure Trade Act imposes a 10% duty on all imports into the United States, with specific additional requirements for goods from China. For Chinese goods, it establishes minimum duty rates of 35% for non-strategic items and 100% for strategic items, phased in over 5 years (starting at 10% after 180 days). The bill creates tariff-rate quotas for articles imported only from China, with goods entering below quota subject to pre-existing duty rates for 3 years. Additionally, it requires merchandise imported from China to be appraised based on U.S. market value rather than foreign value, and includes provisions for reviewing investments by foreign countries of concern.