What are Import Tariffs?

Import tariffs are taxes levied by governments on goods brought in from other countries. These tariffs primarily serve to protect domestic industries, regulate trade flows, and generate revenue.

Types of Import Tariffs:

• Ad Valorem Tariffs: Calculated as a percentage of the imported goods’ value.
• Specific Tariffs: Charged per unit, such as per kilogram or item.
• Compound Tariffs: A combination of ad valorem and specific tariffs.

Why Do Import Tariffs Matter?

Import tariffs influence pricing strategies, profitability, and supply chain decisions. Understanding tariffs helps businesses minimize costs, maintain compliance, and avoid unexpected expenses.

For further assistance navigating import tariffs and optimizing your trade strategy, consult our customs experts today.