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I guess I am pre-disposed to believe there might be clever ways around it. I thought Ford was caught doing cute things to avoid the chicken tax by converting va
by 3eb7988a1663 2y ago
I guess I am pre-disposed to believe there might be clever ways around it. I thought Ford was caught doing cute things to avoid the chicken tax by converting vans to trucks.
- alephnerd 2y ago> I thought Ford was caught doing cute things to avoid the chicken tax by converting vans to trucks Regulators don't take kindly to those kinds of shenanigans. Ford had to pay $365M in fines [0] for that stunt (which is around 6% of their yearly net income - painful in a low margins industry like car manufacturing). Volkswagen tried something similar in India as well and now needs to pay $2.5-3 Billion (17% of their year net income) as a result. [0] - https://www.reuters.com/business/autos-transportation/ford-pay-365-million-us-import-tariff-evasion-case-2024-03-11/ https://www.reuters.com/business/autos-transportation/ford-p...
- 3eb7988a1663 2y agoI only heard the start of the story, never about the penalties. Good to know that there is (eventual) enforcement.
- ttyprintk 2y agoClassical “tariff engineering” also includes a small, hidden pocket on some garments to make them into shirts.