15-04-25, 11:29
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#10
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Trumps Causing CHAOS at Ports- NO Tariffs Collected Due to WRONG US Paperwork
Its a MESS: Trumps Tariffs NOT Being Collected After Major Glitch Hits Ports
Trumps Tariffs Are Causing CHAOS at Ports & Will Increase Paperwork For U.S. Companies Who Are Suffering Tariff Whiplash.
Why Trumps Idol, McKinley, Abandoned His Own Tariff Strategy
MSNRAW 15 APR 2025
Trumps draconian new tariffs regime is now being delayed due to a glitch that has arisen at U.S. ports, in the latest blow that threw even more uncertainty into how markets and international trade are functioning.
An alert sent out to shippers from U.S. Customs and Border Protection notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this weeks whipsaw in tariffs
Any trade from nations now under the 90 day pause put in place by the Trump administration reported Lori Ann LaRocco. The alert explained that U.S. Customs discovered that the entry code for U.S. shippers to use to have their freight exempted is not working and the issue is being reviewed.
Normally, when a U.S. importer pays for their freight, they file both the cargo release forms and their financial papers, so they can pay for their cargo. To keep the cargo moving, Customs is advising importers to file the cargo release form now, and file the financial form later, once the glitch is corrected, said the report. For now, that means the tariffs are not being collected by the U.S. government.
Shippers are expected to follow up with federal officials to pay the back tariffs once the issue is resolved
Its a MESS, to simply state it, Dewardric McNeal, managing director and senior policy analyst at Longview Global with a focus on international trade, foreign affairs and defense, told the outlet. I dont think it will slow down goods. But it will increase the paperwork for the U.S. companies who are suffering tariff whiplash.
These companies will need to refile that at a later date. Trade will flow but at greater SLOWER complexity.
DUMB TRUMP, when informed, realised his COKK-UP and EXEMPTED smartphones, computers and other electronic devices imported from China....DUH.....
Trumps Idol, McKinley, Abandoned His Own Tariff Strategy
https://www.youtube.com/watch?v=svktRVVNJO8&t=3s
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