The Harmonized Tariff Schedule of the United States (HTS) sets out the tariff rates and statistical categories for all merchandise imported into the United States. The HTS is based on the international Harmonized System, which is the global system of nomenclature applied to most world trade in goods.

Feb 3, 2025 · US tariffs on imported washing machines between 2018 and 2023 increased the price of laundry equipment by 34%, according to official statistics. Prices fell once the tariffs expired.

Feb 4, 2025 · The US brought in $77 billion in tariffs in 2024, according to the Congressional Budget Office (CBO). This was down from a historically high period after revenue from tariffs more than doubled from 2017 to 2022. This total accounted for 1.6% of federal revenue. Since the 1960s, duties have not made up more than 2.0% of total revenue.

Jan 31, 2025 · In the United States, tariffs typically serve a limited but important purpose: They are intended to grow America’s economy by incentivizing the purchase of made-in-the-USA goods....

Feb 3, 2025 · Tariffs can serve as bargaining tools to extract concessions from trading partners. For example, President Trump imposed a 25% tariff on all goods imported from Mexico and Canada (10% for Canadian oil), the US’s two largest trading partners under the US-Mexico-Canada Trade Agreement (USMCA), effective February 4th 2025.

Feb 4, 2025 · Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three...

Tariffs and excise taxes were authorized by the United States Constitution and recommended by the first United States Secretary of the Treasury, Alexander Hamilton in 1789 to tax foreign imports and set up low excise taxes on whiskey and a few other products to provide the Federal Government with enough money to pay its operating expenses and ...

Feb 2, 2025 · Tariffs are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of...

The U.S. International Trade Commission (USITC) publishes and maintains the U.S. Harmonized Tariff Schedule (HTS) and provides technical information on its structure and modification.

Feb 1, 2025 · In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country. U.S. tariff rates vary: They are generally 2.5% on passenger cars, for instance, and 6% on golf shoes.