2min chapter

Planet Money Summer School cover image

Intro Econ 5: Trade & Santa

Planet Money Summer School

CHAPTER

The Importance of Tariff Engineering

Michael Cohn is a tariff engineer and trade lawyer. He says companies can tweak their products so that they get a better deal in the tariff code. A shoe company incorporated some kind of fabric into the sole of its shoe just to move the shoe from one tariff category to another. If you use Velcro closure instead of a zipper or a button, it's less likely to be counted as clothing,. More likely to be a festive article, duty-free.

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