It Depends on the Hook
Open full sizeDebits & Credits, October 11, 2026. Laughs are nonrefundable.
Transcript. Panel 1, a client holds a stack of entry summaries and CBP forms, confused. “So the IEEPA tariffs are gone, the Section 122 expired, and now it’s this new Section 301?” Panel 2, Debit points at a layered stack of papers labeled MFN, 301 Forced Labor, and 232 if metal. “Plus the Column 1 rate. And only if the HTS catches it.” Panel 3, Debit, sipping from his “It depends.” mug. “Which statutory hook are we under this week?”
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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 · carlos@lapresallc.com · (917) 558-6393.