The Harmonized Tariff Schedule of the United States
The Harmonized Tariff Schedule of the United States, also referred to as the HTS, is a centralized list of tariffs charged for any products imported into the United States. The World Customs Organization has established a system of classifying all goods that are subject to tariff. This classification system is also referred to as the Harmonized System.
Nearly every country in the world bases their tariff schedules on this highly classified and harmonized system. Below is a list of links to international tariff resources:
For country specific tariff and tax resource information Export.gov is a reputable and accurate site. The site is a compilation of all of the tariff or duty schedules for each country. From Taiwan to Belize, this site offers every tariff schedule available. Information available on the site includes the percent value added for most products, surcharges, and VAT taxes on luxury items.
The World Bank is a financial resource that offers indicators and datasets from all countries dating back to 1960. The indicators specify tariffs and taxes charged for importing items into the country. Data and economies can be researched on the site via country, topic, indicators, or microdata. Also available are current news briefs and articles about developing regions, projects, and operations. The misconception that the World Bank is an actual bank is not true, while it is doesn’t act as a traditional bank it is a financial resource organization.
The Outsource Trade Group is a common resource that offers tariff and customs schedules and tariff databases for all countries. Market access and compliance tariff schedules are available through this resource. International trade law and international trade agreements are also listed.
The mission of the trade group is to connect suppliers to buyers around the world while keeping them informed on taxes and tariff schedules. Shipping documents and trade glossaries are also available.
The World Trade Organization is recognized as the only worldwide international organization that supplies information to producers of goods, importers, and exporters. Tariff schedules and tax resources are available from every country listed with the World Trade Organization or WTO. The organization was established in 1995 and operates out of Geneva, Switzerland. There are over 153 countries registered as members of the WTO.
While the majority of the United States International Trade Commission’s responsibilities involve the matters of trade, useful resources regarding tariff schedules and taxes are included on their site. Import information and tariff affairs are listed among their resources. A current list of countries and their tariff regulations are found on the USITC site.
The Office of Textiles and Apparel, also referred to as OTEXA, oversees improvement strategies and programs that assist with both domestic and international apparel industries and the competitiveness of these industries. The office regulates and assists importers and retailers via fair trade practices and all regulations that affect the textile industry and apparel goods and services.
The office is set up into areas of general management including Western and Eastern hemisphere teams that are governed by office directors and strategic business alliances. Trade policy and textile trade agreements are formulated through this organization. Trade data is available on OTEXA’s website and includes information from textiles and apparel, footwear and leather goods, and textile correlation. Export information and reference material can be researched on the site.
Under the umbrella of the Department of Homeland Security, the Customs and Border Protection is a large organization that provides travel and US information on regulations, laws, and tariff components. While also focusing on the protection of the nation’s borders, another subsidiary of the organization is to provide tax information both nationally and globally.
News updates and trade data are offered at the site. As new data becomes available the site is updated to reflect changes and provide information to the public on a regular basis.
Trade data included on the Harmonized Tariff System is available from the Bureau of the Census Foreign Trade Statistics site. The Census provides export and import data as well as trade statistics and export documents. All information is listed among the Schedule B export codes. The foreign trade unit of the census site includes the tariff schedule for the United States as well as all other international countries.
Extensive news updates are offered regularly on the site and include such topics as profiling of import and export companies, deficit increases for goods and services, and rulemaking propositions for the foreign trade regulations. Upcoming seminar and workshop schedules are also available on the site.
Known as the official US export and import statistics source, USA Trade Online offers up-to-date information and data relating to the import and export realm. The most current data is available from the US Census Bureau’s Foreign Trade Division.
The statistical software supplied by USA Trade Online includes calculation opportunities commodities with all countries through their World Value information. Charts and analytical data are available through USA Trade Online. There is a quick guide and tutorial that assists with the reading and understanding of determined data.
With over 200 associated professionals, the Office of the US Trade Representative is a large agency that specializes in trade issues around the world and operates out of the Winder Building in Washington D.C. Trade agreements are negotiated through the USTR and disputes involving trade and tariffs are resolved. The president’s trade policies are discussed with public interest groups, business sectors, and legislators in an attempt to communicate the vast treaties and regulations.
The USTR was founded in 1962 and operates three main offices in Washington D.C., Brussels, Belgium and Geneva, Switzerland. The organization is the key expert in international trading and operating a harmonized tariff schedule.