As the main merchandising officer of one of the largest sellers in Amazon, Owen Carr knew that the deck chairs he ordered at the Chinese factory at the beginning of April would cost him more than ever before. This is because the chairs, which usually cost 79 USD for Amazon, were one of the first Chinese imports that were subject to minimal tariffs of 145 percent. ” “Mind Bling”
Now his company, Spreetail, is part of a narrow class of importers asking if the Trump administration can provide a refund. On May 12, Trump achieved a 90-day truce of the trade war with China, reducing minimal China tariffs to just 30 percent. The higher rate was only a month, from April 10 to May 14. “We thought there would be an agreement, but we didn’t think it would be so rapid and so low,” says Carr.
A handful of commercial lawyers who talked to Wired, says that they told customers that the phrases are unprecedented and unlikely – but not impossible. Companies that had to pay a higher rate believe that they were unfairly initiated in Michael’s negotiations, AP Hbary, and Holl negotiations. € ś ” – there are still a chance to repeat Michael, and fluffy negotiations.
Trump, Congress or Courts would have to allow up-to-date release from tariffs for companies caught in a trade agreement so that the phrases become a reality. Lawyers say that their clients are lobbying the administration of Trump and legislators for exemptions, including retrograde measures that would cause a refund. This is not a frivolous request. Companies that produce cars, tokens and drugs have been saved on the basis of other tariff rules.
United States and protecting borders that manage tariffs and dismissals did not answer the request for a comment on the possibility of return.
Trump considers his commercial policy as a key to increasing US production and acquiring power over China. However, according to retail data and experts, his movements begin to throw prices and product choice, long known to US consumers. Lawyers say that the commissioning of 115 percent of sellers who paid a higher tariff rate would facilitate avoid further price increases and allowed them to stay on the surface if Trump renews the tariff increases. “For everyone except the most profitable and largest companies it was destructive,” says Ron Oleynik, a partner at Holland & Knight.
Lawyers say that by paying higher tariffs, even once can have long -term consequences for petite companies to cut. American rules require importers to have bonds – effectively insurance “so that the government can apply for at least some funds from companies that remove the law and do not pay what they are guilty. The required level of insurance depends on the total payment for the company’s tariff in the last 12 months; as the insurance requirements increase, as well as the general costs of bonds.” – says Oleynik.
“Dollars back”
Companies such as Spreetail recognized the risk of importing goods after Trump applied a 125 % tariff on Chinese import last month. Many companies decided to place up-to-date orders, and others quickly stopped the parcels. But Carr claims that Spreetail wanted to support his suppliers who could close the factories differently when the orders were falling. He was also sure that he could raise prices sufficient to make the up-to-date imported optical financially.
Spreetail finally paid increased rates on deck chairs and about 200 other products from 20,000 IT imports, including a cluster of razor, EV chargers and sterilite boxes, says Carr. It paid rates of up to 190 percent after taking into account the specific tariffs for the item. “We will not be able to recover these dollars,” adds Carr, perhaps he gave up a restricted perspective of returns.