General Discussion

A US Manufacturer has been paying the tariffs on parts and components that we then transform into our product and deliver domestic and globally (export).

We've purchased $5K in castings and then paid $10K in Tariffs (multiple lines) on an item that a year ago was only 25%.

It's very simple - I have an ACH Refund account that is tied to my customs bond.
The 7501's and Goods Receipts.
I submit a Post Summary Correction for all of the tariffs we have paid OVER that 25% (legal because they were part of the 301 Investigation aka China Tariffs) and they give me my money back.

We are a FIFO accounting and inventory company - so price relief for our distributors and direct purchasers (railway) will come VERY quickly.

In turn, the cost of the building build, the rail ticket, the airplane and electronics with our motherboards in them come down.

It's not complex. It's just complex if you aren't a Trade Compliance Officer or Certified Specialist.