12:01 A.M. Eastern
Open full sizeDebits & Credits, September 29, 2026. Laughs are nonrefundable.
Transcript. Panel 1, border warehouse, 11:59. Canadian rye, a sack of whey, and a motorcycle wait to clear. Broker: “One more minute. Then it’s only a fifty-percent problem.” Panel 2, 12:01 a.m., a CBP officer stamps the lot UNCONDITIONALLY REJECTED. Officer: “Section 338. We stopped collecting. We started refusing.” Panel 3, Debit at his desk, mug reading “It depends.” Debit: “Yesterday a duty. Today a U-turn. Same statute. Different verb.” Caption: At midnight the 50 percent tariff on certain Canadian whiskey, whey, and motorcycles became an import ban.
Client alerts go out about once a week.
This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · Managing Member · carlos@lapresallc.com · (917) 558-6393.