Tariffs

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What are Tariffs?

Tariffs are official charges, fees, or duties applied to goods imported, exported, or transported across borders.

Types of Tariffs

Import duties: Taxes applied to goods entering a country, increasing overall cost.
Export duties: Charges imposed on goods leaving a country, often used to regulate supply.
Port fees: Costs related to handling, storage or terminal services.

The Impact of Tariffs on Trade and Logistics

Tariffs directly impact the cost of moving goods and can influence pricing, profitability, and sourcing decisions. They may also affect market selection and broader supply chain strategies. When tariffs are unpaid, disputed or incorrectly applied, they can delay cargo clearance and disrupt the flow of goods.