Sorry for the double post, but something came up today that will have an effect on the price we pay for the tricorder, but possibly not for a while yet. I'm talking, of course, about the 10% base tariff that goes into effect today. But fear not, the sky's not falling.
Yet.
Under existing law, there's a de minimis exemption for purchases under $800. However, today's executive order has started the process of killing it.
The good news is, it's being killed... with a Zamboni.
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I had to go down a little bit of a rabbit hole, and trade law is not my area, so it took a little longer to get a handle on it. But the main point is this: the de minimis exemption for certain goods (like the tricorder)
has not been rolled back,
yet. Here's the relevant snippet of the Executive Order imposing the tariffs:
Section (a)(2)(C) creates the de minimis exemption of $800 for goods "imported by one person on one day," so things like small online purchases are covered.
What the Executive Order says, then, is that the de minimis exemption for these goods still applies
for now, until the Secretary of Commerce puts together a system for processing and collecting tariffs on these goods. When that happens, the $800 de minimis exemption goes away and the tariffs will be collected.
How long will that take? No idea. On the one hand, government moves slowly. On the other hand, Secretary Lutnick has no doubt been expecting this, so the effort must be well under way. So there's a decent chance that at least the early purchasers of single tricorders will get theirs duty-free. A few months down the road, though, it'll probably cost another $35.
Look at it this way--after 5 years of waiting, another $35 isn't that much in the scheme of things. So I won't take my wife to McDonald's this month. She'll be heartbroken, but she'll get over it when I show her how cool the tricorder is...
Right?