Ryan Petersen
speaker
290 appearances
2 recordings
1 series
first heard Nov 2025
last heard 6 Aug
Ryan Petersen’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
So companies didn't have that data.
And if they did, they were not very good at like breaking it out in a way that could be stored and could be audited.
And so a lot of them kind of faked it.
What they would do is say, well, okay, it's 25%, and there's this field when you're – it's pretty technical, so forgive me, audience out there, if I bore you on this.
But there's a field where you transmit the duty amount that's owed, and a lot of people just put the number in there and sent it.
to the government and they might've got it right in terms of the duty amount owed, but they were supposed to break out the percent aluminum and you only pay, so the steel and aluminum duties, you're only supposed to pay that higher duty amount on the valuation, on the percent of the goods that's made of steel and aluminum.
But these people, they didn't even fat finger it.
They were just short-cutting it.
So now when you go to get a refund, you can't get a refund on that entry until you go back and clean up the process.
And so it's just like a good example of like, honestly, this stuff's not hard if you have a good database in place and you understand the rules, you can do it.
But it's a new field.
It took a lot of the customs brokerage community still hasn't been able to add this database field to their software system.
So it's kind of, you're seeing the pain of an industry that just hasn't embraced technology.
I think that's actually a really good point is that in some level, there's this compliance burden that is as high as the tariff burden.
I think the direction you're going to go, the direction things seem to be going in the U.S., but also in Europe and other areas, is the governments want way more data about what's crossing borders.
They want to know, in that steel and aluminum example, what is it made of?
Not just the overall classification of the products, but what percent of that product is steel and aluminum?
Where is that from?
And you're going to get to a point where what they want is they want to know that for every item.
What is this thing made of?
Showing 81–100 of 290 · page 5 of 15
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