Thompson Coburn’s International Trade practice has launched a new, user-friendly Tariff Analysis Tool designed to help businesses efficiently calculate duties on goods imported into the United States.
The tool allows users to instantly determine which tariffs are applicable to a particular transaction. The user merely inputs the tariff classification of the item under the Harmonized Tariff Schedule of the United States (HTSUS), and the system reports which tariffs apply, include the relevant HTSUS provisions for those tariffs and the applicable duty rates. If the user provides the steel or aluminum content and value, the system will appropriately stack the tariffs and calculate the total duties to be paid and the relevant effective total duty rate.
This innovative resource supports companies navigating complex trade regulations and enhances transparency in cost forecasting. Whether you’re a seasoned importer or exploring new opportunities, our tool offers an efficient way to access tariff data applicable to any industry, including manufacturing, agriculture, health care, technology, and many others.
Access the tool here, and follow ongoing updates from the trade team here.