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Tariffs

Import duty rates, Section 301 and Section 232 tariffs, IEEPA actions, antidumping/countervailing duties, and tariff exclusions for U.S. importers

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12 min read

When Steel and Copper Prices Move After You Bid: A Contractor's Guide to Estimates and Change Orders That Hold

Steel mill products are up roughly 21 percent and copper products 16–25 percent year over year after the April 2026 Section 232 tariff restructuring set a 50 percent duty on metal-heavy goods. This guide shows contractors how to break out metals as dated line items, tie escalation clauses to a published BLS index with clear thresholds and proof requirements, and run monthly job-cost reviews so price spikes become approved change orders instead of lost margin.

Mike Thrift

constructionjob-costingtariffs
9 min read

Furniture and Cabinet Tariffs Rise to 50% in 2027: A Retailer's Guide to Repricing Inventory Before the Hike

Section 232 duties on imported kitchen cabinets and bathroom vanities double from 25% to 50% on January 1, 2027, and upholstered furniture rises to 30%. This guide walks retailers through per-SKU landed-cost math, classification review, supplier renegotiation, tiered price architecture, and the UNICAP rule that capitalizes duty into inventory so a pre-buy hits cash before it hits the deduction.

Mike Thrift

tariffscustomsinventory
9 min read

Etsy's DDP Mandate Is Here: A Landed-Cost Bookkeeping Guide for Non-US Sellers

Since July 9, 2026, Etsy requires non-US sellers to ship to US buyers under Delivered Duty Paid (DDP), making the seller responsible for import duties now that the US de minimis exemption is gone. This guide covers what DDP actually costs (the tariff plus 15–17 dollar carrier clearance fees), how to rebuild landed cost per listing, and how to book and reconcile embedded versus actual duties every month.

Mike Thrift

etsytariffscustoms
11 min read

Home Depot Q2 FY2026 Earnings: 75% of the Sales Growth Came From the SRS Distribution Bet

Home Depot's Q2 FY2026 sales rose 5.7% to $47.86B, but the Other/SRS distribution segment supplied about 75% of the $2.58B increase at a 4.9% operating margin versus 15.4% for retail. Roughly $685M of IEEPA tariff refunds cut cost of goods sold; backing it out puts inferred gross margin near 32.2% and operating margin near 12.9%, while comparable transactions fell 1.0%.

Mike Thrift

financial-reportingfinancial-analysisopen-ledger
10 min read

Target Q2 FY2026 Earnings: $1.65 of the $4.11 EPS Came From a Tariff Refund

Target's Q2 FY2026 net sales rose 5.3% to $26.54B and diluted EPS doubled to $4.11, but $994M of tariff refunds cut cost of sales and supplied $1.65 of that EPS plus 3.7 points of operating margin. Excluding the refund, operating income still grew about 19% and gross margin was near 29.9%, on comparable sales of +3.8% led by 3.6% traffic growth and 8.7% digital growth.

Mike Thrift

financial-reportingfinancial-analysisopen-ledger
20 min read

Your 10% Surcharge Expired on July 24 — But Your Books Didn't: A Small Importer's Guide to the Section 122 Sunset and the $23.7 Billion in IEEPA Refunds

The 10% Section 122 surcharge expired July 24, 2026 after 150 days and was replaced by 10-12.5% Section 301 duties; CBP's CAPE portal has already paid $23.7 billion of an estimated $166 billion in IEEPA refunds — learn how to re-model landed cost per SKU, track entry-level recoveries, and avoid booking refunds as income too early.

Mike Thrift

bookkeepingtariffscustoms
17 min read

Apple's Strongest June Quarter Ever: $109.4B Revenue, $2.02 EPS, and Services and Mac Hit New June Records

Apple's fiscal Q3 2026 (June quarter) delivered $109.4B revenue (+16% YoY), $2.02 diluted EPS (+29%), and a 50.1% gross margin — roughly 2 points of it a one-time tariff refund worth $0.11 of EPS. iPhone, Mac and Services each set June quarter records, every geography grew double digits, and the full FY2021–FY2026Q3 income statements and balance sheets sit in a public Beancount ledger.

Mike Thrift

financial-reportingfinancial-analysisfinancial-statements
13 min read

Brazil Just Got a 50% Tariff: What Small Importers of Coffee, Beef, and Steel Need to Know About Product Exclusions

A July 30 IEEPA order adds 40% to Brazilian goods on top of the 10% reciprocal tariff for a total 50% above MFN from August 6. Orange juice, Brazil nuts, and pig iron are excluded via Annex I, while steel and aluminum are excluded from the Brazil addition because Section 232 already applies — coffee and beef are not excluded. Here's the entry-date, FTZ, and bookkeeping checklist for small importers.

Mike Thrift

tariffsinventorycustoms
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