Your next step in this assignment is to see which country you would like to source your product from and if there are any tariffs or
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Your next step in this assignment is to see which country you would like to source your product from and if there are any tariffs or trade agreements between the country you are sourcing your product from. To do this, you can do a general google search. A popular tool used by freight forwarders to assess customs taxes on their clients’ shipments is the Harmonized Tariff Schedule or HTS book. A link is provided for it below. The way to use this book is to look up the item which you would like to import into the U.S. and see what percent tax you would be charged on it when you bring it in under the column “General”. For some items, you might have to look up the item by items material such as “plastics” if you do not find it specifically. I know the book looks confusing, but try your best. This is a learning experience. Please answer the questions below when you are done.
hts book: https://hts.usitc.gov/?query=3923
1. What product have you chosen to import into the U.S.?
2. Which country are you sourcing your product from?
3. Are there any tariffs or general trade agreements that might affect you while you are importing your good into the U.S.?
4. According to the HTS book, will you be responsible for any customs charges on your product?
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