What Has Trump Raised Tariffs On?
During his presidency, Donald Trump implemented tariffs on a wide range of goods, with the goal of protecting American industries, reducing trade deficits, and encouraging better trade agreements. Some of the notable items targeted by increased tariffs include:
Steel and Aluminum: A 25% tariff on steel and 10% on aluminum were imposed to protect domestic manufacturers and address national security concerns.
China-Origin Goods: As part of the U.S.-China trade war, tariffs were increased on thousands of products, including electronics, machinery, clothing, and furniture. These were part of Section 301 tariffs targeting unfair trade practices.
Solar Panels and Washing Machines: These products faced tariffs to counter what the administration deemed as unfair foreign competition and dumping.
Agricultural Goods: Certain agricultural imports, including dairy and seafood, were targeted during renegotiation of trade agreements.
Automobile Parts: Tariffs were applied on certain automotive components to support domestic car manufacturing.
The Risk of Overseas Sourcing: A Business Client’s Journey
Discovering a Supplier
Alex, the owner of a boutique retail chain, decided to elevate her stores’ aesthetic by sourcing luxury handbags for an exclusive product launch. While exploring suppliers on Alibaba, she found one that appeared ideal. The supplier boasted exquisite product samples, quick communication, and competitive pricing. Their customer reviews were glowing, and their professionalism gave Alex confidence.
Red Flags Appear
As the deal progressed, Alex noticed small but concerning discrepancies:
The supplier requested that communication move to WhatsApp, bypassing Alibaba’s secure platform.
Payment was to be made via a 50% deposit to a Hong Kong offshore account, citing “currency stability.”
The supplier’s official company name was inconsistent across documents.
Despite these concerns, Alex decided to proceed, driven by tight deadlines and the allure of the supplier’s offerings. She wired $15,000 upfront, expecting the first shipment to arrive in 8 weeks.
Trouble Begins: Delays and Silence
Weeks passed with sporadic updates. The supplier claimed delays due to “factory shutdowns,” promising delivery soon. By the 16th week, Alex’s calls and emails went unanswered. Six months later, there was no shipment, no refund, and no response.
Feeling defrauded, Alex reached out to IntelliChain for assistance in unraveling the issue.
IntelliChain’s Investigation
IntelliChain’s experts conducted a comprehensive investigation. Their findings revealed:
The supplier’s listed address was a residential apartment, not a manufacturing facility.
The supplier’s business registration had expired, and the listed factory did not exist.
Payments were routed through multiple untraceable accounts, making recovery challenging.
These findings confirmed Alex had fallen victim to a well-executed scam.
Preventative Measures: How IntelliChain Could Have Helped
IntelliChain outlined how their services could have prevented the fraud:
Factory Verification: A physical inspection of the supplier’s facilities would have revealed the absence of legitimate operations.
Secure Payment Guidance: IntelliChain would have facilitated escrow payments, safeguarding Alex’s funds until the goods were delivered.
Supplier Background Checks: They could have identified inconsistencies in the supplier’s documentation early, raising red flags.
Lesson Learned
This ordeal taught Alex the importance of due diligence when sourcing products overseas. In her words: “I let excitement cloud my judgment. If I’d worked with IntelliChain from the start, this could have been avoided.”
Businesses sourcing internationally must prioritize supplier verification, secure payment processes, and transparency.
Contact IntelliChain Today
Phone: +1 307-310-5502
Email: connect@intellichainco.com
Address: 306 N Main St. Sheridan, WY 82801
Let IntelliChain be your trusted partner in China, ensuring that every step of your sourcing process is secure and seamless. With our local expertise, we guarantee that your products meet the highest standards of quality, compliance, and safety. By partnering with us, you can focus on scaling your business, knowing that every detail—from factory vetting to logistics—is handled with precision.
Let IntelliChain be your eyes and ears in China, empowering you to bring the best products to market with confidence.
