The Domestic Use Only-Import Hardship Tariff or DUO-IHT, is a tariff that is placed on imported products or materials from specified foreign countries and is refundable if that product is later exported outside the U.S. and was not sold for consumption or use in the U.S. domestically.
The idea is to allow tariffs to be placed on any imported product or material and then permit a refund of the tariff for whatever amount is later shipped out of the country to foreign markets for final consumption or use. This idea also puts the burden of proof on the shipper or manufacturer to show that the product or material was indeed exported to other foreign markets.
Those imported products or materials that are sold for consumption or use in the U.S. domestically would not have the tariff refunded. This idea allows us to protect American jobs and the American way of life without the import tariff putting America manufacturer's at a disadvantage to compete globally.
For most manufacturers it will be more cost effective to purchase products and materials made in the U.S. rather than import them to avoid the DUO-IHT if they plan to later sell the end product in the U.S. Also an American manufacturer that buys imported materials to produce a product that is later exported to foreign markets will find that the tariff does not place them at any great disadvantage. This is because they can than apply for a refund of the tariff but only on the portion sent back out as an export.
The idea is that this type of tariff does not directly increase the expense of an American manufacturer's product if it is exported to a foreign market. It also allows for maximum competition overseas while still protecting American jobs domestically.
The DUO-IHT helps maintain the American economic ecosystem by giving American made products sold domestically an equal and balance playing field. It also helps increase the chances that stimulus money and American wealth will be recycled within our boarders rather than be used to purchase foreign made products that put Americans out of work.
Without such tariffs as the DUO-IHT we will continue see American wealth sent overseas. A downward economic pressure will eventually force us to deregulate to the point where we will begin to by-pass our American dreams and our way of life in order to survive.
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