Buyers / sellers be wary of tariffs (1 Viewer)

[DrStrange]

There is a significant chance of new and more aggressive tariffs being applied to international transactions. We all need to be contemplating who is going to be paying these taxes on chips that cross international borders. Note this goes both ways - into or out of the USA.

To date, "consumer level" trade hasn't been effectively subject to tariffs. e.g. you can buy straight from China and not see the taxing authorities about any duties you might owe. Or, you could reship from the USA to foreign destinations without much of a concern.

It doesn't have to be this easy way. Every package could end up in a customs warehouse. An employee of the External Revenue Service might need to open and inspect the packages and assess / collect the taxes if they weren't prepaid by the shipper. Yes, this can be quite slow. Ask some of our international members about how this sort of thing works in their nation.

Group buys need to be eagle eyed about this if the chips are being made / shipped internationally. Group buys can easily be thousands or tens of thousands of dollars. The legendary ones are six figures. Back in the good old days, the sponsor of the group buy either didn't fill out customs forms or lied about the transaction. No one seemed to care. Perhaps the future will be different.

Even someone coming / going to an international meet-up needs to be aware of how things work if they are carrying valuable chips. There are regulations about these sorts of "trade show" items.

Keep in mind these taxes are potentially "significant". The felony level sort of significant. We all need to be aware of the evolving law(s) when we deal with foreign transactions. Such fees need to be included in the pricing / negotiations starting soon if not already.

Ignorance of the law is no defense -=- DrStrange

 

[Eriks]

We all need to be contemplating who is going to be paying these taxes on chips that cross international borders.

Oh so now you guys wanna have that conversation?

 

[LowerBama1714]

Ship all your chips to me…I’ll hold them until this tariff thing blows over.

 

[BarrieJ3]

Almost all desired chips are stateside.

I think that in general, shipping overseas is bad for the overall market, as most non US/CAN chippers want their money back, and realist at *their* price, tacking on those fees they paid to get them. Add to that the shipper generally lying on a form with their signature, and the superflous amount of local buyers available, then add the issues around payments being off and PayPal holding $ until delivery because certain countries can only use G&S - it simply doesn’t make sense for US chippers to sell to chippers outside the US other than out of kindness/helpfulness.

Tl;dr: Y’all get real medical care and social safety nets, we get poker chips

 

[LotsOfChips]

Almost all desired chips are stateside.

Expect your Chanman table to increase in cost by 25% in the coming days, thanks to "Tariffs are the most beautiful word". And no, it won't be Tony paying the tariffs...

 

[BarrieJ3]

Expect your Chanman table to increase in cost by 25% in the coming days, thanks to "Tariffs are the most beautiful word". And no, it won't be Tony paying the tariffs...

Oh I’m on y’all’s side for sure. I’ve flown with 5 figures of chips to get them in without fees to Europe, I’ve been a reshipper station several times, etc.

But facts is facts, it’s easier to buy/sell in country. I def want a Chanman one day, but of course wanting the nice stuff plus the shipping and taxes plus as we add on tariffs and new stuff? It’s just becoming a tad cost prohibitive. But if you don’t have a chanman table, do you really get to wear a chipper pin/badge/lapel?