How to mitigate the tariff impact Despite the regulatory uncertainty surrounding Section 301 tariffs, businesses can implement proactive measures to mitigate the financial impact: Review your tariff codesSection 301 tariffs are applied based on specific tariff codes, and misclassification can lea...
If you’re a business owner trying to ship your goods overseas, understanding HS codes is a must to ensure a smooth logistical operation. Here, we’ll give you a quick overview of how these tariff codes work as well as how to read and determine the HS codes for your goods...
Find out everything you need to know about HS (Harmonized System) codes, including the structure and components of HS codes, and why they are important.
What is a Harmonized Tariff Code?The Harmonized Tariff Schedule of the United States (HTSUS) is a 10-digit import classification system that is specific to the United States. HTS codes, also called HTS numbers or HTSUS codes, are administered by the U.S. International Trade Commission (ITC)...
A harmonized tariff schedule not only allows countries to categorize and charge duty fees for all manner of goods and commodities, but it also allows them to gather information about international trade. Many countries use the raw data provided by the HS and any additional country codes to study...
HS codes, also known as commodity codes or tariff codes, are used to identify the item you’re sending so the customs authority in the receiving country can charge the correct customs fees and taxes. HS stands for Harmonized System. Harmonized System Codes were developed by the World Customs ...
If you’re sending international parcels, there’s a good chance you’ll have heard of commodity codes. UK commodity codes are also called tariff codes or HS codes. But what is a commodity code? Commodity codes are internationally recognised reference numbers used to describe specific goods ...
HS Codes, which stands for Harmonized System, and are also known as tariff codes, are a standardized international system for classifying globally traded products. HS codes are used internationally for several important reasons, but most importantly to ease global trade by creating unified cate...
Learn about HTS codes, including why they’re essential for international trade, how to determine the correct HTS codes assigned to your products, and their impact.
What is the purpose of the First Amendment? What were the Freedom Riders protesting? What was the goal of the American Anti-Slavery Society? Which non-civil rights group participated in the Freedom Summer? What is the purpose of a protective tariff?