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.

The U.S. International Trade Commission (USITC) publishes and maintains the U.S. Harmonized Tariff Schedule (HTS) and provides technical information on its structure and modification.

Feb 3, 2025 · Tariffs can serve as bargaining tools to extract concessions from trading partners. For example, President Trump imposed a 25% tariff on all goods imported from Mexico and Canada (10% for Canadian oil), the US’s two largest trading partners under the US-Mexico-Canada Trade Agreement (USMCA), effective February 4th 2025.

Industrial tariffs are customs duties on non-agricultural merchandise imports, levied either on an ad valorem basis (percentage of value) or on a specific basis (e.g., $1 per 100 pounds). Approximately 94 percent of U.S. merchandise imports by …

Feb 4, 2025 · The US brought in $77 billion in tariffs in 2024, according to the Congressional Budget Office (CBO). This was down from a historically high period after revenue from tariffs more than doubled from 2017 to 2022. This total accounted for 1.6% of federal revenue. Since the 1960s, duties have not made up more than 2.0% of total revenue.

6 days ago · On February 1, 2025, the US administration issued three Executive Orders impacting tariffs on Canadian, Mexican and Chinese imports. The following changes took effect at 12:01 a.m. EST on February 4, 2025: An additional 10% tariff applies to all …

Feb 3, 2025 · Tariffs are taxes charged on goods imported from other countries. Companies that import goods from abroad pay the tariffs to the US government. Trump has introduced a 10% tariff on...

Jan 31, 2025 · In the United States, tariffs typically serve a limited but important purpose: They are intended to grow America’s economy by incentivizing the purchase of made-in-the-USA goods. They...

Tariffs and excise taxes were authorized by the United States Constitution and recommended by the first United States Secretary of the Treasury, Alexander Hamilton in 1789 to tax foreign imports and set up low excise taxes on whiskey and a few other products to provide the Federal Government with enough money to pay its operating expenses and ...

Feb 4, 2025 · Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three...