New 10% tariffs on goods from China

[cldfront]

I think a tariff is the least of our concerns. We haven't paid sufficient duties on the items we are importing. I don't know about your supplier, but mine lists the item as kitty litter on the invoice.

I thought it was generally understood not to mention what the details are about how shipments arrive because there's eyes everywhere...

 

[touringsedan]

Reading the current presidential order states that de minimis no longer applies to anything coming from China and is in effect 2/4/25 at 12:01am. All in route packages are exempt.

Any clue how on earth this will work? Customs can't process all the de minimis packages the same as regular duty.

Thoughts?

 

[m100568]

I'm guessing that all packages will need a customs slip declaring contents and value, and the tax will have to be paid on the value. There will be no more exemption on inspections, but they can't inspect a billion packages. There will be random checks, and I don't know what happens to companies that make false declarations. Do they just start another puppet company to ship from, or do they do the trans-ship tactic and send it to another country that still have the de minimis exemption.

Of course, China could cut a deal. I'm not trying to be political, but Trump does love to make deals.

I don't think anyone, including the US and China, knows what will happen. It will be interesting to see how all of this plays out.

 

[Panda King]

Exporters will start selling to us at cost and charging the difference in freight fees not subject to or paid in a separate transaction to avoid the tariff.