Perfect Tariff Management: Avoid, Mitigate, Recover
- Arne Mielken
- Jun 2
- 5 min read
Avoid - Mitigate - Recover: Your Guide To Effective U.S. Tariff Management
With U.S. tariffs on the rise, companies must be proactive in mitigating and recovering costs. Learn how classification engineering, valuation strategies, and more can help.
In recent years, U.S. trade policies have undergone a significant shift, particularly regarding tariffs on imports from countries like China. Initially, this strategy aimed to rebalance trade relations. However, it has evolved into a comprehensive and often contentious approach to global trade. As companies face rising costs from these tariffs, understanding how to mitigate, avoid, and recover these costs is critical.
In this blog, we’ll explore strategies that can help you navigate this turbulent environment effectively.
What I Will Cover in This Blog:
How can you avoid tariffs?
What are the ways to mitigate tariff impacts?
How can you recover from tariff impacts?
We will also provide recommendations for next steps.
1. How Can You Avoid Tariffs?
Avoiding tariffs requires careful planning and strategic adjustments throughout the import process.
Classification Engineering:
U.S. Customs and Border Protection (CBP) applies duties to goods based on their classification. Importers can use classification engineering to lower or eliminate duties. For example, components imported separately may be classified differently than the finished product. This tactic can lead to benefiting from lower tariffs.
Additionally, special provisions under HTSUS Chapter 98 allow specific products to avoid high tariffs when used for certain purposes or in particular production scenarios.
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