Matthew Heumann Posted May 21 Posted May 21 Frank Edgley & I had a very in depth conversation about the implications of the unfortunate U.S. tariff kerfuffle. Of course we'd assume buyers of concertinas imported from Manufacturers & Retail Dealers might be adversely affected, but anyone know about personal sales? It's bad enough that retail sales may cost a lot more, but "Yikes", if we can't buy from an individual abroad without huge tariffs, it could be very disastrous to the trade. Anyone have better insights?
Matthew Heumann Posted May 21 Author Posted May 21 (edited) Been doing research and the answer is ???????????????? No one knows for sure yet if antique instruments over 100 years will still be exempt. Evidently, it doesn't matter if sales are commercial or personal. It also is complicated because the tariff will be based on country of manufacture, not origin of sale. So a Wheatstone, Jones or Lachenal bought from Canada or the EU would have a tariff as if from the UK. Here's a quote from one U.S. auction house: KC Auction Company, LLC April 4 · New Tariffs Are Here — And They’re Changing the Antiques Market Starting this month, U.S. tariffs are now being applied to antiques, art, estate items, and more. That’s right—items over 100 years old that used to be duty-free, now face import taxes as high as 20% (or more), depending on their country of origin. Edited May 21 by Matthew Heumann new info
Geoff Wooff Posted May 21 Posted May 21 (edited) These Tariffs will have a similar effect to the problems following the British exit from the EU. One example of this; As an instrument maker living in France where I was buying certain metals from a supplier in the UK who obtained these goods from a German company. The added complexity and paperwork for import / export persuaded the German manufacturer to quit the trade and as a result my supplier in the UK has decided to retire.... I am now faced with having to deal directly with the German company who require a 50kg. minimum order for each size and shape. If I want to buy a Concertina from the UK I am faced with import taxes of at least 20%. I have had many customers in the USA but with the present situation I will be sending no more instruments there. Edited May 21 by Geoff Wooff
David Lay Posted May 21 Posted May 21 (edited) Have I got this example correct? New concertina from Ireland to USA. Say €4000 Minus 19% VAT = €3362 Convert to $3818 US Add 2.6% harmonized tariff schedule = $3917 Add 10% current Trump tariff = $4300 Plus shipping/insurance. I recently sent a 12 oz. (341g) package to Ireland and was surprised that UPS charges $225 as their lowest rate for this to an individual. US mail was $65. (I should have used 23% for Ireland's VAT this year.) Edited May 21 by David Lay
Turtle Posted May 21 Posted May 21 "We're gonna build a lot of concertina factories. Concertina factories like you wouldn't believe. It's gonna be the golden age of concertina production." -Trump probably 2 1
Stephen DOUGLASS Posted May 21 Posted May 21 2 hours ago, David Lay said: Say €4000 Minus 19% VAT = €3362 Convert to $3818 US Add 2.6% harmonized tariff schedule = $3917 Add 10% current Trump tariff = $4300 Plus shipping/insurance. David, I think you would only get that VAT reduction if the company is VAT registered. I'm making the assumption that some 'suppliers' are not. So the final figure would be higher. 1
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now