Our guest for this episode is Owen Haacke, co-founder of Supply Chain Shark and a licensed customs broker. Owen is renowned for guiding businesses through the complex landscape of US Customs and tariffs.
In this episode, we reconnect with Owen to discuss the evolving nature of import tariffs and the impact of recent regulatory changes on global trade. Owen provides expert insights into the complexities of tariff classifications, emphasizing the importance of understanding HTS codes and country of origin considerations. He dives into examples of how tariff exemptions can be leveraged to reduce costs, focusing on select categories like electronics and children’s products.
Tune in for a comprehensive discussion that equips businesses with the knowledge to make informed decisions in the face of changing trade regulations.
Show Sections
00:00: Meet the Guest: Owen Haacke on Trade Law and Tariffs
03:08: Recent Changes in Tariff Regulations
08:30: The End of De Minimis Exemption
13:20: Urgency in Relocating Production
17:07: Understanding Country of Origin
22:57: Real-World Examples and Legal Gray Areas
27:36: India, Vietnam, and the Shift Away from China
32:07: Importance of Due Diligence
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