Navigating Latest Tariff Developments

Tariffs are taxes or duties imposed by a government on imported goods. They serve two main purposes:

1) Protecting domestic industries by making foreign goods more expensive, thereby helping local businesses compete more effectively

2) Generating government revenue, particularly in countries that rely heavily on trade. In the U.S., tariffs are paid to the Customs and Border Protection agency at ports of entry.

The amount varies based on factors such as the classification code, value, country of manufacture, and associated freight charges of the imported goods.
 

The responsibility for paying tariffs is determined by the shipment’s Incoterms® (International Commercial Terms), which are globally recognized trade standards. These terms specify who is responsible for transportation, cargo insurance, export and import formalities, duties, and taxes. They also define when the risk transfers from the seller to the buyer. The agreement between the shipper and recipient outlines who will pay the tariffs.

The impact of new tariffs will depend on your industry, the countries involved in your supply chain, and the specific goods you import or export. Tariffs may increase costs, requiring to reassess supply chains to maintain profitability and resilience. DHL can help you evaluate these impacts and develop strategies to adapt effectively.

DHL is your trusted advisor in navigating the complexities of recent tariff changes. Our tailored logistics solutions and extensive expertise enable us to support your business in adapting to these developments. Here's how we can assist:

• Comprehensive Logistics Support: From Express solutions to Freight Forwarding and warehousing, we offer a wide range of services to meet your needs.
• Global Expertise: With a vast logistics portfolio spanning multiple business units, DHL is uniquely positioned to transform challenges into opportunities, ensuring your business remains resilient and competitive.