Comments on: COVID-19’s Impact on 2020 Trade Flows https://diaztradelaw.com/covid-19s-impact-on-2020-trade-flows/ Jennifer Diaz Thu, 07 Oct 2021 23:55:43 +0000 hourly 1 By: Customs Valuation 101 | Customs & International Trade Law Blog https://diaztradelaw.com/covid-19s-impact-on-2020-trade-flows/#comment-429 Thu, 07 Oct 2021 23:55:43 +0000 https://diaztradelaw.com/?p=4924#comment-429 […] Information submitted to CBP is utilized by the U.S. Census Bureau to compile trade statistics that are analyzed, distributed, and accessible on U.S. trade databases. U.S. and foreign businesses, policymakers, members of Congress, and others rely on U.S. Census trade data to make critical business and trade policy decisions. The U.S. Census Bureau has a duty to provide quality data about Americans and the economy – including reliable and accurate trade data. A systemic failure by importers to accurately declare the correct value of goods can distort trade data. […]

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