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Trump tariffs spark surge in bonded warehouse use by importers

On HALO

8 hours ago

Facing a steady drumbeat of tariffs under President Donald Trump, U.S. businesses could increase their reliance on government-regulated bonded warehouses.These storage facilities, managed by U.S. Customs and Border Protection agents, allow importers to delay paying tariffs – helping ease the rising costs of bringing foreign goods into the country.In other words, goods stored in bonded warehouses have not officially entered the country. Therefore, import taxes are deferred until the product leaves the storage facility and is released to the domestic market.TRUMP'S TARIFF REVENUES ARE HITTING RE...

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8 hours ago
On HALO

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