Tariff and Tax Primer

Apr 10, 2024

The China Container Risk in Global Supply Chain and Foreign Trade

I recently sat on an ASTM F49 Committee Meeting on supply chain standards (I serve as the pro bono secretary for the committee). ASTM International is a standards development organization…

May 13, 2019

Are US-Chinese Tariffs Part of the New Normal?

Today’s blog post is a guest post by my former student, Krunal Sonpal. The topic is a timely one: the on-going US-Chinese tariffs and what it means for supply chain…

Jan 15, 2011

Additional Readings on Taxation: Tariff and Tax in International Trade

Additional Readings on Taxation Standard sources on government finance More advanced works Useful works on the historical development of fiscal thought Academic thinking about tax policy Overviews of tax systems…

Jan 15, 2011

Trade Prohibitions: Tariff and Tax in International Trade

Trade Prohibitions (1) Prohibited trading partners The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US…

Jan 15, 2011

Trade Agreements: Tariff and Tax in International Trade

Trade Agreements (1) MFN – Most Favored Nation FTA – Free Trade Agreement Other Applications of FTA MFN The most-favored-nation (MFN) clause binds a country to apply to its partner…

Jan 15, 2011

Harmonized Tariff Schedules: Tariff and Tax in International Trade

Harmonized Tariff Schedules International trade has been facilitated by the use of harmonized tariff schedules. Trading countries have agreed on the classification of goods, by use and standardization of the…

Jan 15, 2011

Tariffs: Tariff and Tax in International Trade

Tariffs Tariffs Transit Duties Export Duties Import Duties Tariffs (1) A tariff or customs duty is a tax levied upon goods as they cross national boundaries, usually by the government…

Jan 15, 2011

Taxes: Tariff and Tax in International Trade

Taxes Ad Valorem Supplemental Taxes Value-added Summary Ad Valorem (1) Any tax imposed on the basis of the monetary value of the taxed item. Literally the term means “according to…

Jan 15, 2011

Glossary of Terms: Tariff and Tax in International Trade

Glossary of Terms Common Market Other Taxes Customs Transit Retaliatory Tariffs Customs Union Rules of Origin Documentary Tax Surtaxes and Tariff Surcharges Duty Types Tariff Economic Union Treaties Free Trade…

Jan 15, 2011

Introduction: Tariff and Tax in International Trade

Introduction This resource is provided to be used as a basic learning tool for personnel new to the international procurement function in a firm. The purpose for the learning included…