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@ Layer3.news
2025-05-26 05:08:00
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BUSINESSES ARE FINDING A WORKAROUND FOR TARIFFS — AND IT'S ENTIRELY LEGAL
https://image.cnbcfm.com/api/v1/image/108148615-1747830834406-gettyimages-2215416039-cfoto-qingdaop250519_np9Wp.jpeg?v=1747830865&w=1920&h=1080
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✍️ Companies are using a decades-old piece of legislation called the 'first sale rule' to minimize the impact of tariffs by using the initial sale price to calculate customs duties.
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👉 The first sale rule allows U.S. importers to use the price of the first sale in a number of transactions to calculate customs duties.
👉 The rule has been around since 1988, but has gained renewed attention under the Trump administration's tariff regime.
👉 Companies such as Moncler, Kuros Biosciences, Traeger, and Fictiv have cited the first sale rule as a means to minimize tariff and duty costs.
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#BrianGleicher #SidParuthi #LucianoSantel #DanielGeiger #RichTaylor #QingdaoCity #ShandongProvince #China #HongKong #Ningbo #Zurich #business
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