Impose a tax on United States-bound circumvented cargo through Canada or Mexico and entering the United States.

Chapter 36 of subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new subchapter:

There is hereby imposed a tax on any United States-bound circumvented cargo entering the United States.

The amount of the tax imposed by subsection (a) shall be an amount equal to 0.125 percent of the value (determined under the customs laws of the United States) of the United States-bound circumvented cargo involved.

The tax imposed by subsection (a) shall be paid by the importer of the cargo entering the United States.

The tax imposed by subsection (a) shall be imposed at the time of entry into the United States.

For purposes of this section, the term United States-bound circumvented cargo means cargo which is discharged from an ocean-going vessel in Canada or Mexico and subsequently enters the United States by rail, highway, airport, or inland port, including intact intermodal cargo or cargo which is modified, assembled, or consolidated in Canada or Mexico.

The Secretary shall issue such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section, including procedures for the collection of the tax imposed under subsection (a) and penalties for non-compliance.

The table of subchapters for chapter 36 of subtitle D of such Code is amended by adding at the end the following new item:

The amendments made by this section shall apply to cargo entering the United States after December 31, 2025.