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0 0.00144439094848344 0.000641951532659271 0.000641951532659271 0.00874658963248278 0.00240731824747229 -2.40731824747241E-05 -0.00240731824747229
Stock impact report

Businesses have found strange but legal ways to avoid Trump's tariffs [CNN]

Columbia Sportswear Company (COLM) 
Last columbia sportswear company earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.columbia.com
Company Research Source: CNN
Now they're in a massive spotlight. After President Donald Trump slapped a whopping 145% minimum tariff on most goods coming from China, 25% tariffs on cars, auto parts, aluminum and steel and a 10% tariff on almost every country's imports, US businesses are desperate for ways to lower their import costs. Two popular — and legal — strategies involve those bonded warehouses to defer tariffs and harmonized system codes to qualify for lower rates. ‘Tariff engineering' There are over 5,000 different product classification codes that governments across the globe use when assessing tariffs. Consumers don't care whether the imported coat they're wearing was officially classified as a windbreaker or a raincoat. Ad Feedback But for businesses, that distinction can be the difference between lower and higher tariff rates – and potentially turning a profit or not. And to qualify for the lower rate, all a manufacturer would have to do is tinker with the product's materials, otherwise Show less Read more
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