Attempts to circumvent the tariffs on products from China have come back to bite those involved. Some companies have been shipping steel products from South Korea and Taiwan to Vietnam, where a small amount of work has been done on them. They have mistakenly thought that this would miraculously transform those products into ones "Made In Vietnam".
Those products are now subject to tariffs of MORE THAN 400%.
Let this serve as a warning to all those who think they can beat the system. This issue has already been dealt with in the thread:
Let's discuss the "trade war", will it impact your biz?
where @AgainstAllOdds warned about the illegality of transshipping. The same applies to using minimal assembly or finishing to falsely declare a different country of origin.
US Customs will collect cash deposits at rates as high as 456% on imports of such steel products "produced" in Vietnam.
Walter
Those products are now subject to tariffs of MORE THAN 400%.
Let this serve as a warning to all those who think they can beat the system. This issue has already been dealt with in the thread:
Let's discuss the "trade war", will it impact your biz?
where @AgainstAllOdds warned about the illegality of transshipping. The same applies to using minimal assembly or finishing to falsely declare a different country of origin.
US Customs will collect cash deposits at rates as high as 456% on imports of such steel products "produced" in Vietnam.
Walter
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