How do U.S. firms track and pay tariffs? A plain English guide

Quick Summary:

Businesses must decipher thousands of tariff codes and post $50,000 bonds.

Now, under President Donald Trump, they apply to every country, though some goods from Canada and Mexico are still exempt.

The answer is that the process is not easy and requires companies to know their way around an 18-pound book with thousands of rules—while also posting bonds upwards of $50,000 and using special software.

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Article Details

Author / Journalist: Jeff John Roberts

Category: EconomyBusiness

Markets: United StatesCanadaMexico

Topics: Small Business Tariffs and trade Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 19:15:24 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 860 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 215 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27954926

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 39 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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