There are plenty of things where Temu charges $2.00 and I would be fine paying a 120% tariff on that to bring it to $4.40, because Amazon is charging $8.99 and retailers are selling a seventy pack for $30.
But I would not be fine paying a $100 tariff to bring it to $102.
Am I, in fact, going to be hit with a $100 tariff on a $2 item ($2+$100=$102) or a $2.40 tariff ($2*1.2=$4.40) ?
I am looking for language like "Whichever is greater" in the announcement and I'm not seeing it. Do importers choose which to go with? Do customs? It looks like before, shipments below $800 were exempt of all tariffs under the "De Minimis exemption", and that exemption is going away, but I'm still not clear on how the rest of this works.
Could you unpack the idea further?
There are plenty of things where Temu charges $2.00 and I would be fine paying a 120% tariff on that to bring it to $4.40, because Amazon is charging $8.99 and retailers are selling a seventy pack for $30.
But I would not be fine paying a $100 tariff to bring it to $102.
You did a great job explaining it, what more do you need to unpack?
Am I, in fact, going to be hit with a $100 tariff on a $2 item ($2+$100=$102) or a $2.40 tariff ($2*1.2=$4.40) ?
I am looking for language like "Whichever is greater" in the announcement and I'm not seeing it. Do importers choose which to go with? Do customs? It looks like before, shipments below $800 were exempt of all tariffs under the "De Minimis exemption", and that exemption is going away, but I'm still not clear on how the rest of this works.
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