Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make many of their products.
I’m pretty sure all the people who deal with imports have to be on the verge of a mental breakdown. What a nightmare. Policy made by a petty, stupid tyrant based on apparently nothing but vibes and changing as often as he shits his diaper is no way to run a country, but here we are.
A friend works for a hardscaping company - sidewalks, drainage, parking lots, etc. Every day she gets an email about price changes on equipment and materials. It’s making her crazy!
I once worked on a project to calculate tariffs on goods for an importer. It was a massive job with lots of edges cases. And that was under normal conditions.
My gut feel is that some, maybe even most of this can be worked in, but there is absolutely going to be shit going under the radar because it’s too hard, too confusing or out right contradictory.
I’ve exported computer parts before and you’d be surprised that the way to declare them is not: “gaming PC” or “Macbook air 13"” in the customs form but more like “Data processing machines” and if you were to ship a motherboard, it has to be declared as “Data Processing Machine Parts” or whatever it is, with a totally different code and classification, same thing for memory devices, for CPUs and even for storage devices.
So yeah, I have a feeling they won’t even bother covering all the angles and just allow assembled computers, phones (since the US made iPhone is impossible at this point) and “chips” whatever they decide classifies as a chip.
It’s been hell since the start of February. Reporting from the front lines. I’ve got folks working 16 hour days right now to keep supply chains moving.
As a side note, can you imagine being an accountant and trying to keep track of the tariff declarations that are changing daily?
May as well install a roulette wheel
LetsGoGambling.mp4 playing
Magic 8 Balls are cheaper.
Yeah I do quoting for a manufacturer and it’s fucking hell.
I’m pretty sure all the people who deal with imports have to be on the verge of a mental breakdown. What a nightmare. Policy made by a petty, stupid tyrant based on apparently nothing but vibes and changing as often as he shits his diaper is no way to run a country, but here we are.
A friend works for a hardscaping company - sidewalks, drainage, parking lots, etc. Every day she gets an email about price changes on equipment and materials. It’s making her crazy!
I literally think it’s so absurd that there has been some kind of collective agreement to just ignore Donald Trump’s dementia laden rambles.
https://www.theverge.com/news/647480/trumps-tariffs-reportedly-arent-being-collected-for-freight-shipments
Idk what’s actually happening here but I hope my knee jerk reaction is correct :)
If everyone is noncompliant like that, Trump will have less power than the mayor of DC.
Colleague of mine is responsible for implementing the tariffs in our quoting process, he had to spend his marriage anniversary day on this shit.
I once worked on a project to calculate tariffs on goods for an importer. It was a massive job with lots of edges cases. And that was under normal conditions.
My gut feel is that some, maybe even most of this can be worked in, but there is absolutely going to be shit going under the radar because it’s too hard, too confusing or out right contradictory.
I’ve exported computer parts before and you’d be surprised that the way to declare them is not: “gaming PC” or “Macbook air 13"” in the customs form but more like “Data processing machines” and if you were to ship a motherboard, it has to be declared as “Data Processing Machine Parts” or whatever it is, with a totally different code and classification, same thing for memory devices, for CPUs and even for storage devices.
So yeah, I have a feeling they won’t even bother covering all the angles and just allow assembled computers, phones (since the US made iPhone is impossible at this point) and “chips” whatever they decide classifies as a chip.
When rules become too complex, everything becomes a negotiation, and subject to selective enforcement. That may be by design.
It’s been hell since the start of February. Reporting from the front lines. I’ve got folks working 16 hour days right now to keep supply chains moving.