Tariff engineering

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quote:
As U.S. President Donald Trump imposes duties on friends and foes alike, manufacturers are increasingly rethinking the classification of their products and resorting to “tariff engineering” to incur lower duties, several customs lawyers, supply chain and shipping experts told CNBC.

Tariff engineering — a practice that precedes Trump — involves changing an item’s materials, altering its dimensions or compositions so that the finished products can be justified to fit in a different “harmonized system code,” legal experts said.

Although most new tariffs added during Trump’s second term are broad-based, the U.S. government has carved out exemptions for certain products, leaving doors open for companies to benefit through tariff engineering, trade lawyers pointed out.
LINKCNBC

Never heard of this.

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I used to do it as part of my everyday job for three different multi-nationals. It's done worldwide, but you seldom had to do it in the past for the US. I have seen it work firsthand for creating jobs and Capex in foreign countries - I have signed some of the checks for those capital investments myself in fact.

It's past time we did it here too, I just hope we can strike a better balance than some countries have. China goes WAAAAAY too far, as does India. The EU is just to the wrong side of balance IMO.

China been doing this