No, that's no longer the case.
Our products were tariffed at 50% of the cost of the steel used in the mould. Moulds can cost anywhere from $50,000 to $100,000. They are extremely valuable goods. Steel could make up a portion of the total, for example, 20%. Our moulds were therefore tariffed at 50% on steel, unless it was American steel.
However, today, tariffs are applied on the value of the mould—that is, to the $50,000 or $100,000. They amount to $15,000 if the mould is worth $100,000. There are no longer any loopholes in the system. There is no way to circumvent the rules.
