Lowest Quarterly USF Revenue in Program's History Expected
Q2 USF revenue is projected at about $265 million less than the previous quarter and the lowest in its history, analyst Billy Jack Gregg emailed stakeholders Monday evening. "The decline in second quarter 2020 USF revenue continues the downward trend…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
in the USF contribution base, which places upward pressure on the USF assessment factor, meaning it will be higher than it otherwise would be. USF revenue for the four quarters ending the second quarter of 2020 is $5.4 billion lower than USF revenue for the four quarters ending the second quarter 2019, a 10.9% decline."