In recent months, the US has imposed a range of tariffs – particularly targeting imports from China, the EU, and other countries. These sudden trade measures have had disruptive effects on foreign SMEs, who of
Learn more about the 2025 U.S. Tariffs, how they may impact your cross-border shipping and how UPS can help you navigate these tariff impacts.
President Trump has vowed to charge higher import tariffs on all US imports coming from nations that have a trade imbalance with America. This will affect the automotive industry the most. Previous tariffs for motorcycles were 2.4%, automobiles are taxed at 2.5%, and trucks are taxed at 25%....
Import tariffs are the second largest source of revenue next to the IRS. Read More » Find HTS Codes import, export, customs Here’s a new HTS lookup service for anyone who’s ever had problems finding HTS tariff codes for their import or export shipments. Basically, you can use ...
Here’s a simple and efficient method to estimate all associated expenses, including duties and fees, when importing goods. Please note that these customs estimates do not include Trump’s 2025 tariffs yet. Read more about Trump tariffs here. 1 Your Product(s) 2 Your Bond 3 Shipping ...
allowing them to ship products domestically and avoid certain import fees. However, this strategy adds warehouse and labor costs, which could still drive up prices. Some companies are exploring suppliers outside of China, shifting production to Vietnam, India, and Mexico to reduce tariffs on...
How are import duties different from tariffs or import taxes? Though these terms are sometimes used interchangeably, there are key differences between import duties, import taxes, and tariffs: Import duties Also called customs duties, these are specific taxes charged on imported goods. The r...
The Saudi Zakat, Tax and Customs Authority (ZATCA) will remove customs service fees for exports and reduce customs service fees for imports to 0.15% of the goods’ value, effective from 6 October 2024. The move, announced on 6 September 2024, will standa
President Donald Trump shared on Truth Social that he has “ authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” Trump also raised the tax rate on Chinese imports to 125%.
1 Up to €150,- exempt of duty tax 2 Current TARIC tariffs at http://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp 3 CCF = Customs Clearance FeePlease note: the calculator only provides an estimation of the expected additional costst related to duty and value added tax....