This used to affect people trying to import Levi's jeans from the USA to EU too.
What kind of law is that? Who is that protecting except the profits of specific companies? I know people got in trouble for importing quality chocolates because they were made by a company who sold the rights to sell chocolates under that name in the US to a different company. It didn't matter that the company authorized to sell them in the US also changed the recipe and used shit ingredients meaning that the products were no longer the same. Medications would be dirt cheap if it were legal for me to import them from other countries.
Weird how companies love to tell us that we'd better get used to the income and working conditions tolerated by employees in the poorest nations on earth because it's a "Global Economy" and they will source the cheapest possible labor and exploit the crap out of them, but the moment you try to buy their goods at the lowest possible price offered globally they'll drag you into court to stop it.
Cadbury? I still get Flakes via Amazon. They ship from the UK in boxes marked "beauty supplies", which cracks me up every time.
https://www.theguardian.com/business/2023/may/26/cadbury-fla...
(I just love news items so thoroughly rooted in a country's national habits.)
They lied to get the deal done and then closed factories, dropped Fairtrade ingredients and dodged paying any tax in the UK as soon as they could.
As in you lost a bunch of Beanie babies that someone would for sure have paid $250K for?
Or, yikes, you lost a bunch of Beanie babies that you paid $250K for?
What actually happened in terms of the loss; are you saying that many of those packages didn't make it?
Note: If you hire an armoured truck to collect $250,000 in cash from the airport and then take it to an anonymous warehouse in the middle of nowhere to pick up a couple of boxes of soft toys the security guards will assume you are transacting a drug deal and will freak out.
Funny enough, many people from Turkey did the same when they visited the US in 2000s/2010s.
I'm not sure if this has changed much or not (it is much easier to get an image of what a given car's passengers were wearing and compare it 8h later), but back in the 80s this was a viable tactic at dodging the purchase limits/customs declarations.
More recently: https://windsor.ctvnews.ca/cbsa-warns-cross-border-shoppers-...
(I'd be curious if anyone makes a weekend of shopping in Detroit to get the 48h $800 exception limit - https://www.cbsa-asfc.gc.ca/travel-voyage/declare-eng.html#_... )
People always forget, that even as private person, import duties and taxes apply. Which has nothing to do with the Nikon example so.
Other companies too. Ikea isn't that big but the linkedin makes it that big.
If you've never heard of the late 1990's Beanie Baby craze, you will be amazed.
But what happened to Beanie Babies could never happen to Vancouver real estate.
Your one bedroom condo will be worth $40 million by 2050, honest to god, no shit!
I wish someone would do a follow-up interview with them.
I would buy them from Ty employees too as they had the limited edition ones. I remember one I sold for $13,000 that I was playing soccer with in my living room before I boxed it up and mailed it out.
Given enough inflation, it's pretty doable! It only would take 70% inflation a year, in the 7 remaining years, given the current price is around $1M.