Search results
Results from the WOW.Com Content Network
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. ... definition; announcement; assertion; ...
Union transit, formerly called "Community transit", is a system generally applicable to the movement of non-Union goods for which customs duties and other charges due on import have not been paid, and of Union goods, which, between their point of departure and point of destination in the EU, have to pass through the territory of a third country ...
The definition of a tariff is fairly straightforward — it’s a tax on goods coming from another country.
U.S. intensive chicken farming led to the 1961–1964 "Chicken War" with Europe. The Chicken Tax is a 25 percent tariff on light trucks (and originally on potato starch, dextrin, and brandy) imposed in 1964 by the United States under President Lyndon B. Johnson in response to tariffs placed by France and West Germany on importation of U.S. chicken. [1]
The seller is responsible for making a safe delivery of goods to the named terminal, paying all transportation and export and transit customs clearance expenses. The seller bears the risks and costs associated with supplying the goods to the delivery terminal and unloading them, where the buyer becomes responsible for paying the duty and taxes ...
The next day he said he would place a 10% tariff on all goods from China on February 1. Press Secretary Karoline Leavitt reiterated Wednesday that February 1 was when tariffs would go into effect.
The average tariff levels for the major GATT participants were about 22 per cent in 1947. [6] As a result of the first negotiating rounds, tariffs were reduced in the GATT core of the United States, United Kingdom, Canada, and Australia, relative to other contracting parties and non-GATT participants. [ 6 ]
Tariff engineering refers to design and manufacturing decisions made primarily so that the manufactured good is classified at a lower rate for tariffs than it would have been absent those decisions. [1] It is a loophole whereby an importer pays a lower tariff by changing the intended import such that the importer has a lesser tariff burden. [2]