IMPORT FROM CHINA TO THE US TAXES DUTY ESTIMATION, CUSTOM CLEARANCE PROCESS AND FEE

IMPORT FROM CHINA TO THE US TAXES DUTY ESTIMATION, CUSTOM CLEARANCE PROCESS AND FEE, THE TRADE WAR IMPACT, EVERYTHING EXPLAINED!

WHAT YOU MUST KNOW ABOUT TAXES DUTIES ESTIMATION, CUSTOM CLEARANCE PROCESS AND FEE, THE TRADE WAR IMPACT TO SUCCESSFULLY PLAN AND IMPORT FROM CHINA TO THE US.

Why are we publishing this information?

The increase of tariff of import duties on Chinese imports during the Trade war has seen many importers and exporters from China to the USA worried about the future of their businesses.
Without real or practical knowledge of just how to measure the impact of the new measures, and how deep the new measure will affect how to conduct customs clearance in the US, it led to even more anxiety when we know that you can face serious fines and delays if your custom clearance is not handled properly by a knowledgeable person or an expert licensed customs broker to ease the process of importing from China.
In this article, we want to provide you with practical guidelines you can follow to determine and compute the tax duty you need to pay when importing from China into the US and how to clear the customs in the US.

The additional 25 tariff

The increase on tariff Known as the Section 301 tariffs Section 301 Tariffs A Comprehensive Guide, had many objectives including promoting domestic production, reduce the trade deficit between the two nations, surge the Chinese government to respect U.S. companies intellectual properties.

This increase on tariff resulted in many people and companies being left with a lot of question about the new custom duty rate. How much they will be required to pay from now on? if their products are impacted or not by the 25 increase in tariff? making some to start thinking it might be time to switch to another supplier or to buy local in the event importing from China would have no longer be an option to them.

Do the last measures on Chinese import really apply to your business be it small, medium-sized businesses or large exporters? How does the new measure impact the way customs clearance will be conducted from now on?
Well, lets dive right in!

1. Do you need to pay the new import duties on all goods?

During the trade war with China, the U.S. has released 4 lists of goods that would be subject to higher tariffs. The lists include almost every item that can be imported from China. However, the U.S. has also published several lists of goods that were excluded from those tariffs after some consideration. You can check the items exempted from imports duties here section 301 tariff exclusions.
If you have already imported some goods that are on the list of exclusions, you can file a claim to get refunded for the taxes you have already paid on the import.
Generally speaking, as long as the value of your good is less than 800, your goods are exempt from import duties, however, you will have to pay import duties on any goods you import into the United State for a total value of more than 800.
Items you can import from China that are exempt from tariffs include

Chest coolers
Upright freezers
Plastic drinking straws
N95 respirators and face masks
Anesthesia masks

Many exporters are also seeking to import ventilators, import personal protective equipment, import surgical gloves and intensive care beds, importing isopropyl alcohol and more.

2. how the rates of customs duties apply to your products?

There are some parameters to reckon with when it comes to the rate of customs duties which are the H.S code of the product and the country of origin. Depending on those parameters, the rate of customs duties will be specific or based on an ad value basis of the total value of the goods.
Other fees you should be aware of are
Federal Excise Tax for items such as alcohol, tobacco
Merchandising Processing Fee MPF
Harbor Maintenance Fee HMF

It is also good to note that while HMF is not required for air shipments, you will be required to pay MPF fees on all imports by Air or by Sea. The maximum fixed fee you will need to pay for the MPF is 26.22 and the minimum is 508.70.

Unfortunately we cant cover everything here as it would take several volumes and naturally you probably have questions, the whole article has been made available for free, no obligation, just click below
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