Wednesday, May 21, 2025

US Importers Race to Create Bonded Warehouses Amid Tariffs

Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump's tariffs until they are ready to sell the merchandise.

Posted by LampLighter at 01:33 PM | 3 COMMENTS | permalink

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US importers race to create bonded warehouses amid Trump tariffs reut.rs/4drbYNl

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-- Reuters (@reuters.com) May 20, 2025 at 11:20 PM

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More from the article ...

... The U.S. has more than 1,700 bonded warehouses, facilities where imported goods can be held without immediate payment of customs duties such as tariffs, currently 30% for shipments from China. Such fees are only paid when the goods leave the bonded warehouse, allowing businesses to manage funds more effectively at a time of extreme trade policy volatility. ...

#1 | Posted by LampLighter at 2025-05-21 12:45 AM

@#1

Wait, what?

Pres Trump has repeatedly stated that the exporting countries, e.g., China, are the ones who pay his "beautiful" tariffs.

If that is the case, then why are US companies creating these "bonded warehouses" to apparently sidestep the Trump tariffs?


And, as a follow-up question ...

How long before Pres Trump lowers himself, once again, to yet another trivial comment on his social media about this action by American businesses?

#2 | Posted by LampLighter at 2025-05-21 12:50 AM

Lamp,

I get the impression the tariffs will still be owed.

How would it sidestep the tariffs?

Think of this bonded area as still property of a Chinese company just stored on US soil.

This isn't a new concept. Been going on for years.

Merchandise within those bonded areas aren't officially even sold yet.

At such time it finds a buyer, tariffs will be due.

#3 | Posted by BillJohnson at 2025-05-21 02:17 PM

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