US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Trump’s tariffs reportedly aren’t being collected for freight shipments.
CNBC points out a US Customs notice about a glitch affecting the code that’s supposed to exempt freight already on the water from the new tariffs, whether from countries under the 90-day delay / 10 percent hike, or China’s increased 145 percent rate.
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.
For now, that means the tariffs are not being collected by the U.S. government
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