Tariffs are due once the product crosses the border. So when tariffs come into effect on day X and the product is imported after day X, the tariff is due. Doesnt matter what has already been paid for and what contracts have been signed.
I think their point was.. let's say they have enough product in the country for let's say 3 months. So no tariffs on that current inventory. They may go ahead and add the 20% to current inventory not subject to tariffs.
6
u/BigLittlePenguin_ 22h ago
Tariffs are due once the product crosses the border. So when tariffs come into effect on day X and the product is imported after day X, the tariff is due. Doesnt matter what has already been paid for and what contracts have been signed.