In 2019, one of the most common obstacles cited by importers on the Freightos Marketplace was difficulty in navigating the rapidly changing customs environment. While tariffs began in early 2018 with washing machines and solar panels, by July 2018 it was quickly expanded to 818 product lines.
For importers, this could mean 25% customs tariffs….and the difference between profitable products to sell, and losses.
We invited one of the customs brokers on our freight marketplace, INLT, to provide an overview of the tariff ecosystem, how it impacts importers, and how they can contend with the rapid changes.
Check out this webinar recording to see:
- How did the China-US tariffs (Section 301 tariffs) reach this point?
- What products are affected by the new Chinese tariffs?
- Are there workarounds to reduce import duty spend on Section 301 tariffs?