Allie Trella-Jones
๐ค SpeakerAppearances Over Time
Podcast Appearances
Everyone's heard that an awful lot.
It's like the boy that cried wolf.
So no one's really expecting anything anymore, but we do want to hear something.
We do want to be able to tell our customers something.
We're not able to prepare anything until we know how it's going to be implemented.
If it's an automatic refund, in order to receive that electronically, they have to file by February 6th.
So we're hoping that everything goes through there, but...
You never know.
We'll probably have to file post-summary corrections.
That's kind of the way we're leaning on how this would be implemented if it happens.
That would be a little bit challenging because if you think about it, there's been over a year worth of entries filed and we have to continue to file the day-to-day entries.
And then if we have to go back and correct all of those, that kind of doubles our workload.
The reason we're hoping it would be electronically is each of these tariffs have been broken out with a different HTS code.
So there is a one-to-one correspondence in custom system in order to lock into what is a country tariff versus a 232 tariff versus the basic tariff.
So there is that one-to-one correspondence, but whether that can be implemented, we're unsure.
There's been so many unprecedented things with tariffs, you know, in the past year that it's hard to tell which way this will go.
But we didn't have much preparation on any of these tariffs and we still got through it.
So we'll get through this as well.