Help with U.S. Tariffs on Imports: A Complete Guide for Businesses

Tariffs Are Back at Center Stage

The United States has imposed new tariffs under multiple authorities, including Section 301 tariffs on Chinese goods, Section 232 tariffs on steel and aluminum, IEEPA-based duties, and reciprocal tariff measures. Products that once entered duty-free now carry tariff burdens of 10, 25, or even 50 percent or more.

How U.S. Import Tariffs Work

Every product imported into the United States is assigned a tariff classification code under the HTSUS. This code determines the base duty rate as well as eligibility for special tariff programs. In addition to the base rate, imports may be subject to additional tariffs under Section 301, Section 232, and various IEEPA and reciprocal measures.

Strategies for Reducing Your Tariff Burden

Tariff classification review is often the highest-return strategy. Free trade agreement utilization is another powerful tool. First sale valuation can reduce the dutiable value. Duty drawback allows recovery of up to 99 percent of duties on exported goods. Foreign Trade Zones provide geographic solutions for duty deferral and reduction.

Avoiding Common Pitfalls

Transshipment schemes are illegal and subject to severe penalties. Undervaluation creates a ticking time bomb during audits. Misapplication of free trade agreement preferences is a more subtle risk.

Ready to Take Action?

Peacock Tariff Consulting provides clear, practical guidance that helps businesses understand their obligations, reduce duty costs, and stay compliant. Contact us today.