Tariff

Category: Customs

Also searched as: Tariff

Definition (plain English)

A customs duty rate or trade measure applied to imported goods based on classification, origin, destination rules, and sometimes trade policy.

Why it matters commercially

Tariff treatment can change landed cost, target buy price, customer pricing, and whether an import remains commercially viable.

Example

A buyer paused a launch after tariff review showed the product attracted extra duty when imported from the planned origin.

Common mistake

Using last shipment duty rates without checking current classification, origin, preference, anti-dumping, quotas, and effective dates.

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