SMTorama
CREATOR
30 days ago
Project Update: Regarding the tariff situation
Hello everyone
I just wanted to post an update, although its less of a positive one. Probably you are aware of the trade war now going on between the US president and China. Currently the import tariffs on any items being shipped or made in China are 145% as of earlier today. The plushies are to be produced with a manufacturer based in China. This means when I receive the plushies I will receive a tax bill from USPS of 21,750$. (145% of 15,000$ which is about the cost of producing the plush)
Suffice to say, I cannot pay 21,750$ taxes and did not account for such a number when this campaign started.
Right now there are a couple of options because I have not yet received or paid invoices from the manufacturer I can issue refunds at any time. I would prefer not to have to cancel and refund the project but it would be the safest option in this very volatile situation. For right now my plan is to wait a few weeks to see if anything improves and I will keep the surveys open during that time.
Even if the US president backs down for now, there's no saying what he will do later on as well. The plushies take quite awhile to produce so there is a lot of risk involved.
I will talk with my manu and get their input and will continue to keep you posted on the situation as it unfolds, thank you so much for your understanding and patience
I just wanted to post an update, although its less of a positive one. Probably you are aware of the trade war now going on between the US president and China. Currently the import tariffs on any items being shipped or made in China are 145% as of earlier today. The plushies are to be produced with a manufacturer based in China. This means when I receive the plushies I will receive a tax bill from USPS of 21,750$. (145% of 15,000$ which is about the cost of producing the plush)
Suffice to say, I cannot pay 21,750$ taxes and did not account for such a number when this campaign started.
Right now there are a couple of options because I have not yet received or paid invoices from the manufacturer I can issue refunds at any time. I would prefer not to have to cancel and refund the project but it would be the safest option in this very volatile situation. For right now my plan is to wait a few weeks to see if anything improves and I will keep the surveys open during that time.
Even if the US president backs down for now, there's no saying what he will do later on as well. The plushies take quite awhile to produce so there is a lot of risk involved.
I will talk with my manu and get their input and will continue to keep you posted on the situation as it unfolds, thank you so much for your understanding and patience
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