Ryan Petersen
👤 PersonAppearances Over Time
Podcast Appearances
And the cost was going to go up 30%.
He's like, oh, all right, I'll just build this line somewhere else in another country.
Yeah, it's temporary though.
You're still going to pay the tariff.
So it doesn't really work for like changing the nature.
But a bonded warehouse will let you make a bet that tariffs are going to come down.
So when tariffs were at 145 on China, we helped a lot of companies move into bonded warehouses because we all predicted that it would come down from there.
So you're better off waiting and only enter the goods, only exit them out of the building, but enter them into the U.S.
commerce after the tariffs have come down.
So there's some hacks around the edges.
There's a lot that you need to do.
Before, you didn't care about valuation.
The value of the goods, if it was times zero, who cares?
But now, all of a sudden, if it's times 30% or whatever number, you care a lot more of how is it valued.
And there are all kinds of legal ways, and you need to get really great advice on legal advice or trade advisory on how to do this.
But there are ways tracking that.
You want to be able to really track every single component of a product.
Where is it made?
And what is its cost?
So, like, if you have a cow, there's steel and aluminum duties right now that are really high.