Preventive measures for US import tariffs and other import costs

Firstly, if the value of the goods is less than $800, there is no need to pay US import tariffs. Therefore, it is necessary to accurately determine the value of goods to avoid unexpected costs in customs control. In addition, foreign trade enterprises must find the Harmonized System code and Harmonized Tariff Schedule code of their products, which are the information that must be clearly filled in when filling in customs documents.

Secondly, there are differences in import tariffs imposed by the United States on different industries. For example, the tariff on clothing products fluctuates around 16%, while the tariff on LED lights is usually 3.9%, and the tariff on furniture products is basically 1%. If it is an anti-dumping product, its tariffs may also soar to 227%. Therefore, foreign trade enterprises must understand the corresponding tariff situation based on their product types and characteristics, in order to be more accurate in quoting and calculating profits.

In addition, foreign trade companies must pay other import fees when importing goods to the United States. For example, commodity processing fee (MPF) and port maintenance fee (HMF). Among them, the mandatory provident fund for goods that enter normally is 0.3464%, while for goods that enter irregularly, it is a fixed amount (2 to 5 US dollars). As such, HMF accounts for 0.125% of the total value of the goods and is only collected when the transportation method is sea freight. Therefore, foreign trade enterprises must calculate and pay these tariffs based on their own transportation methods.

In short, it is very important for foreign trade companies to understand the preventive measures of US import tariffs and other import costs. Only through comprehensive understanding and accurate calculations can we better protect our own interests and lay a solid foundation for trade with the United States.