NEW YORK, May 1 (Xinhua) -- As steep tariffs on imports throw ports in the Los Angeles-area, western U.S. state of California, into turmoil and chill industrial property leasing, one rare type of building is suddenly in hot demand - bonded warehouses where goods can be stored without paying tariffs until they are removed, reported The Los Angeles Times on Thursday.
Key personnel at bonded warehouses have to undergo background checks and the operator must put up a bond to protect potential government duty revenue. The customs bond typically starts at about 100,000 U.S. dollars.
