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Customs duty

A customs duty is a tariff or tax which a country imposes on goods when they are transported across international borders. Customs Duties are used to protect countries' economies, residents, jobs, and environments, by limiting the flow of imported merchandise, especially restricted and prohibited goods, into the country. The Customs duty rate is a percentage determined by the value of the article purchased in the foreign country and not based on quality, size, or weight. U.S. customs duties are listed in the Harmonized Tariff Schedule of the United States.

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Bill Would Charge Fees to Chinese Ships, Require Use of and Subsidize US Ships
December 23, 2024 by Mara Lee|Congress

A bipartisan, bicameral bill would create a Maritime Security Trust Fund, into which revenues would come from tonnage fees on Chinese-owned and Chinese-flagged ships visiting U.S. ports, special tonnage taxes, light money, and tariffs and duties, including Section 301 tariffs.

Topics:Section 301 tariff exclusions, Entry Type 86 , Customs duty, Court of International Trade, Forced Labor , Section 201 Safeguards, Reciprocal tariffs