Sailing Smoothly: HongOcean on Taxes to Import from China
Specific information on the costs and taxes necessary for importing from China into the U.S. are briefly described in HongOcean, including the most crucial fees that are import duty, federal excise taxes (for particular products such as tobacco products and alcohol), the MPF, and HMF. Tariffs depend on the HS or HTS numbers defining products and can be affected by extra duties during the USA–China trade war. The guide outlines how to perform the calculations of these costs and also shows how to verify the tariffs and makes the importers aware of the U.S. customs requirements.