Tariff Traps and Escapes

The Real Estate Espresso Podcast

Tariff Traps and Escapes

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Welcome to the Real Estate Espresso Podcast. Your morning shot of what’s new in the world of real estate investing. I’m your host, Victor Menasce. On today’s show, we’re talking about the methods major 📝 importers are using to either delay or outright eliminate the impact of tariffs. Now, let me be clear, I’m neither a global transportation expert nor here to offer any legal advice on what you can and can’t do when it comes to importing goods to the US or any other country for that matter. But I can point you in the direction of areas in which you might want to conduct your own research.

Duties and tariffs have been making daily headlines for the past month, and we’ve seen a lot of volatility when it comes to the seemingly changing regulations from one day to the next. If you’re importing goods to the US, you might already have those goods on a ship and might understandably be upset to find out that an order you placed months ago will now face a steep tariff the day it lands in the US. But then, things are volatile. Maybe in a few weeks from now, you won’t have to pay that tariff at all, or maybe the tariff that you would have paid might be lowered or changed in some way.

As a business owner, what can you do to protect the value of your inventory? Well, to start with, you don’t need to pay the tariff the moment the goods enter the country. Again, let me clarify, I’m not offering advice here. This is something you want to check out for yourself, ideally with the consultation of experts. There’s a thing called a customs bonded warehouse. Items in a customs bonded warehouse are physically in the US, but have not cleared US customs. The duty only gets paid when the goods leave the warehouse.

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As you ponder over that, have an awesome rest of your day. Go make great things happen – we’ll talk again tomorrow.

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