TARIFF

1. Classifications with HS Codes

Every product is assigned a Harmonized System (HS) Code, which determines its tariff rate. Accurate classification of goods ensures the correct duty is applied and reduces the risk of penalties or delays.

2. USMCA Trade Agreement Advantages

The United States-Mexico-Canada Agreement (USMCA) replaced NAFTA, introducing updated rules for preferential treatment. Businesses meeting the agreement’s rules of origin can save significantly on duties.

3. Tariff Rate Changes

Customs tariffs are subject to adjustments due to policy changes, economic conditions, or trade negotiations. Partnering with a reliable customs broker helps businesses stay up to date with these dynamic changes.

4. Special Import Programs

Canada and the U.S. offer various programs that can lower or eliminate tariffs for qualifying items. For example:

• Canada’s Duty Deferral Program allows businesses to defer specific customs duties.
• The Customs Bond Requirements in the U.S. streamline the entry process for large-scale imports.

5. Customs Valuation Methods

The value of your goods, as defined by customs authorities, impacts the applied tariffs. Factors such as transaction value, freight costs, and insurance expenses may influence tariff assessments.