Based upon Warren Buffett’s concept, exporters of USA goods may choose to pay federal assessment fees in order to acquire transferable Import Certificates; (ICs) which are issued only to exporters of USA goods for denominations equivalent to the assessed valuation of their goods.
Importers must surrender ICs for the assessed value of their goods
Surrendered certificates are cancelled.
Regardless of ICs’ open market prices, (unlike tariffs), the assessed values of USA imports could never exceed those of our exports and the IC prices are an effective subsidy of exported USA goods.
This version of IC policy excludes the values of precious or scarce mineral materials such as crude oil or gold ore integral to goods’ being assessed.
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