Tariff classification and valuation review. Businesses may consider auditing their HTS classifications and goods valuation methodologies to ensure accuracy and apply strategies such as First Sale ...
The threat of a looming trade war has left United States importers scrambling for tools to help ameliorate the impact of customs duties. In many ...
“For every widget, every tariff classification, you can have 150 different duty rates. You’ve got Albania to Zimbabwe.” Image Seamstresses working at a factory in Cartagena ...
Effective immediately, all goods coming from Mexico and Canada, with the exemption of Canadian energy products, are subject to a 25% tariff. Goods coming from China are subject to a 20% tariff.
A 10-digit Harmonised System of trade Nomenclature, with accurate classification, will facilitate smoother trade talks, ...
The process is relatively simple for items such as Canadian fruits and vegetables, but can be trickier for manufactured goods, as every element has its own tariff classification code, said Zvi Halpern ...
U.S. Customs and Border Protection handles tariff collections ... the U.S. companies that serve as importers and engage in a classification process that involves about 18,000 possible numbers.
This would fill the swamp, not drain it. Foreign exporters would go to great lengths either to get their products under a lower tariff classification or to transship them to another country to ...
President Donald Trump's newly implemented tariffs and additional tariffs under consideration are disrupting trade relationships and industries are scrambling to react to the higher costs brought ...
Goods coming from China are subject to a 20% tariff. As the countries vowed retaliatory tariffs on the U.S., Commerce Secretary Howard Lutnick said again Wednesday there may be some room for ...