Feb 4, 2025 · Tariffs can be issued as a percentage of the total bill of imports or as a fixed cost per unit. The International Trade Commission (USITC) maintains these rates in a system called the Harmonized Tariff Schedule , which details all existing trade agreements and 99 chapters’ worth of product categorization.

The Harmonized Tariff Schedule of the United States (HTS) sets out the tariff rates and statistical categories for all merchandise imported into the United States. The HTS is based on the international Harmonized System, which is the global system of nomenclature applied to most world trade in goods. Help Improve the Presentation of the HTS.

Feb 1, 2025 · Tariffs are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country. U.S. tariff rates vary: They are generally 2.5% on passenger cars, for instance, and 6% on golf shoes.

To learn more, visit tariff and import fees and Calculating Tariffs. After reviewing the resources presented here, you may have more questions about free trade agreement countries or country markets with multiple taxes, fees, or charges in the country’s national currency.

Jan 28, 2022 · Import taxes are government-imposed charges on goods entering the U.S. to protect domestic industries and raise revenue. These taxes come in two main forms: tariffs and customs duties. Tariffs are direct taxes applied to specific products and are often used to protect domestic industries from cheaper foreign competition.

Feb 4, 2025 · China immediately retaliated with tariffs on some energy and metals imports. Simply put, what’s a tariff? The definition of a tariff is fairly straightforward — it’s a tax on goods coming...

Feb 3, 2025 · At the simplest level, tariffs are taxes placed on goods made overseas that are imported into the country. Notably, foreign companies aren't responsible for paying the duties. Instead, U.S....

What is a tariff and what is its function? A tariff is a tax placed on goods when they cross national borders. The most common type is an import tariff, which taxes goods brought into a country. There are also export tariffs, which are taxes on goods a country exports, though these are rare.

Nov 25, 2024 · CBP makes the final determination of what the correct rate of duty is, not the importer. For very specific duty information on a particular item you may request a Binding Ruling. You may also receive guidance by calling your local CBP port. The Harmonized Tariff System (HTS) provides duty rates for virtually every item that exists.

Links to tariff schedule resources: The U.S. International Trade Commission (USITC) publishes and maintains the HTS and provides technical information on its structure and modification.