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OT: American Politics

www.supplychaindive.com

Tariffs to drive up trade compliance costs: Fed

Much of the new regulatory cost from higher tariffs stems from greater complexity in determining the national source of a product, according to the Federal Reserve.
www.supplychaindive.com www.supplychaindive.com
  • U.S. companies should expect Trump administration tariffs to push up trade compliance costs by between 1.4% and 2.5% of the value of a good, the Federal Reserve said, highlighting an extra burden from the import duties.
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“The stricter RoO imply potentially higher compliance costs due to higher content requirements and administrative costs of obtaining and filing the relevant documentation,” the central bank researchers said.
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That’s estimated, and ROO analysis is a one time cost. And also work that probably was also already done and just needs validation.

I work in a highly integrated supply chain with many inputs sourced in the US. I thought all of this stuff was going to be complicated and it just hasn’t.
 
Kinda like health insurance premiums that cover the administrative costs needed to review exclude new or deny existing beneficiaries.

Would be cheaper just to cover everyone…
 
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