New 10% tariffs on goods from China

[Peptoidian]

So apparently as of today there is a new 10% tariff on all goods from China. Anyone know how this is going to work for peptide purchases? I expect it will increase costs but how does the tariff actually get paid? At what part of the purchase/shipping/import/customs/delivery process does this happen?

 

[beefsteak]

Your custom agent will send you an itemized invoice

 

[Peptoidian]

I just did a bunch of reading on this and think I can answer my own question. The tariff is paid by at customs by whoever imports the product. Given my understanding of how peptides are shipped it's likely the freight forwarder/special line that handles this. So all we will see is slightly higher prices.

 

[GimmeABreak]

I just did a bunch of reading on this and think I can answer my own question. The tariff is paid by at customs by whoever imports the product. Given my understanding of how peptides are shipped it's likely the freight forwarder/special line that handles this. So all we will see is slightly higher prices.

Maybe slightly, or maybe vendors will use this a justification to increase pricing. They will pay 10% on the declared value, there is no telling what that value is for the skin products they are importing. Could be a value of $10 per kit, which would increase the cost by $1.

 

[ktg123]

Hopefully customs will see confiscation as decreasing revenue so they'll expedite the process. Maybe that's wishful thinking.

 

[AndyPanda]

It really should not have any impact on prices. It’s not like vendors of these items were EVER being taxed or paying a tariffs up til now.

 

[Kstarks]

It really should not have any impact on prices. It’s not like vendors of these items were EVER being taxed or paying a tariffs up til now.

I disagree. The issue is the de minimis change. Most of what is sent is sent using this rule that means it comes in tax free. Thats changing

“The tariffs will have no exemptions, and the executive action Trump signed Saturday will close the so-called de minimis loophole that had allowed shipments of $800 or less to come into the United States tax-free — a key provision used by many American small businesses but also Chinese companies such as Shein and Temu. Trump administration officials said the loophole prevented customs officials from properly inspecting those packages.”

https://www.cnn.com/2025/02/01/politics/mexico-canada-china-tariffs-trump/index.html

 

[AndyPanda]

I disagree. The issue is the de minimis change. Most of what is sent is sent using this rule that means it comes in tax free. Thats changing

“The tariffs will have no exemptions, and the executive action Trump signed Saturday will close the so-called de minimis loophole that had allowed shipments of $800 or less to come into the United States tax-free — a key provision used by many American small businesses but also Chinese companies such as Shein and Temu. Trump administration officials said the loophole prevented customs officials from properly inspecting those packages.”

https://www.cnn.com/2025/02/01/politics/mexico-canada-china-tariffs-trump/index.html

We will know soon enough.

 

[keangkong]

I disagree. The issue is the de minimis change. Most of what is sent is sent using this rule that means it comes in tax free. Thats changing

“The tariffs will have no exemptions, and the executive action Trump signed Saturday will close the so-called de minimis loophole that had allowed shipments of $800 or less to come into the United States tax-free — a key provision used by many American small businesses but also Chinese companies such as Shein and Temu. Trump administration officials said the loophole prevented customs officials from properly inspecting those packages.”

https://www.cnn.com/2025/02/01/politics/mexico-canada-china-tariffs-trump/index.html

I hit a pay wall saying I read too many CNN articles for free.

 

[keangkong]

I disagree. The issue is the de minimis change. Most of what is sent is sent using this rule that means it comes in tax free. Thats changing

“The tariffs will have no exemptions, and the executive action Trump signed Saturday will close the so-called de minimis loophole that had allowed shipments of $800 or less to come into the United States tax-free — a key provision used by many American small businesses but also Chinese companies such as Shein and Temu. Trump administration officials said the loophole prevented customs officials from properly inspecting those packages.”

https://www.cnn.com/2025/02/01/politics/mexico-canada-china-tariffs-trump/index.html

The only executive order I saw posted on the White House site concerned Canada. White House officials told the Washington Post that Trump signed two other executive orders. It's hard to say without reading the orders what they mean.

 

[PopTart]

CBP released their own proposal on Jan 21 to mostly close the de minimis exemption.

CBP Proposes to Modify the De Minimis Exemption | Insights | Holland & Knight

Customs and Border Protection, in the Notice of Proposed Rulemaking, proposes to exclude certain low-value shipments, currently imported duty- and tax-free, from the de minimis exemption.

www.hklaw.com

Interesting quote from this link:
“According to CBP, some companies exploit the de minimis exemption to conceal shipments of illegal and dangerous products or circumvent the payment of duties and taxes. As of July 30, 2024, 89 percent of all cargo seizures since Oct. 1, 2023, were de minimis shipments, including 97 percent of narcotics and 72 percent of health and safety seizures.”

Going to be keeping my ear close to the ground on this one.

 

[lauranyc77]

I disagree. The issue is the de minimis change. Most of what is sent is sent using this rule that means it comes in tax free. Thats changing

“The tariffs will have no exemptions, and the executive action Trump signed Saturday will close the so-called de minimis loophole that had allowed shipments of $800 or less to come into the United States tax-free — a key provision used by many American small businesses but also Chinese companies such as Shein and Temu. Trump administration officials said the loophole prevented customs officials from properly inspecting those packages.”

https://www.cnn.com/2025/02/01/politics/mexico-canada-china-tariffs-trump/index.html

Yeah but I am assuming the markups on these products are high.... so tariffs are based on what the estimate worth is , not sales price?. If they are going to be more carefully scrutinizing product to determine its valuation for tariffs won't that lead to more seizures?

 

[lauranyc77]

I hit a pay wall saying I read too many CNN articles for free.

Remove anything in the URL before the year (such as "/2024/") and paste "https://amp.cnn.com/cnn/" before the year and then remove the "index.html" at the end of the URL and you'll view the complete article without paywall

 

[catdog]

Stock up!

 

[dogmom]

Stock up!

Might already be too late for that. I was thinking of placing an order on Monday after CNY is up but who knows when all this goes into effect and how it might affect lines. I doubt the vendors will even know themselves. It is just going to be trial and error for a while.

 

[keangkong]

Might already be too late for that. I was thinking of placing an order on Monday after CNY is up but who knows when all this goes into effect and how it might affect lines. I doubt the vendors will even know themselves. It is just going to be trial and error for a while.

Or order from a vendor that has some stock in a US domestic warehouse. I placed such an order yesterday.

 

[keangkong]

Remove anything in the URL before the year (such as "/2024/") and paste "https://amp.cnn.com/cnn/" before the year and then remove the "index.html" at the end of the URL and you'll view the complete article without paywall

Thanks. It worked.