Latest news with #HarmonizedTariffSchedule
Time Business News
a day ago
- Business
- Time Business News
I Trusted Utrade Logistics for My HTS Code Canada Needs – Here's Why
I Trusted Utrade Logistics for My HTS Code Canada Needs – Here's Why. When I first began importing products into Canada, I quickly learned how complex the Harmonized Tariff Schedule (HTS) system could be. Every product needs to be assigned a specific HTS code, which determines how much duty you'll pay and whether your shipment will clear customs without delay. I thought I could handle it on my own, but I quickly encountered problems—confusing classifications, overlapping descriptions, and uncertain responsibilities. One wrong digit in a code can cost you thousands in penalties or hold your shipment for days. That's when I realized I needed professional help. And that's exactly why I turned to Utrade Logistics . From the moment I contacted Utrade Logistics, I knew I was in good hands. They understood my concerns and asked the right questions—about the materials, intended use, country of origin, and packaging of my products. Instead of leaving me to guess or search government databases on my own, they walked me through the process of accurate HTS code Canada . They didn't just guess a code and move on—they provided reasoning and even backed it up with documentation from the Canada Border Services Agency (CBSA) guidelines. That gave me the peace of mind I needed to move forward confidently. Before Utrade, I had experienced delays due to incorrectly classified shipments, leading to extra duties and even one case of a container being held for further inspection. These delays cost me time and money, not to mention the stress. With Utrade handling my HTS classification, those problems disappeared. Their team made sure each product was correctly labeled and documented. I haven't faced a single customs clearance issue since I started working with them. They also made me aware of preferential trade agreements and exemptions I didn't even know existed. That insight saved me more money than I expected—making their service a valuable investment, not an extra expense. One of the things I really appreciated was Utrade's responsiveness and speed. When I had new shipments or last-minute changes, they responded promptly and always delivered the right code in time to meet my schedule. Whether I was shipping electronics, printed packaging, or medical goods, their team handled everything with expert knowledge. They even offered proactive advice about grouping products under a single classification when allowed—helping me simplify customs paperwork and reduce fees. What started as a need for HTS code lookup in Canada turned into a full partnership. Today, Utrade Logistics handles my customs documentation, freight forwarding, and even warehousing support when needed. It's a one-stop shop that saves me from juggling multiple vendors. Having HTS classification services built into a broader logistics workflow made my supply chain run smoother. I don't have to repeat details or re-explain my needs each time—I simply send the product list, and they handle the rest. Accuracy, speed, and clear communication—that's what Utrade Logistics delivers every single time. Their team is easy to reach, highly informed, and always ready with a solution when things change at the last minute. Whether I'm importing one pallet or ten containers, I know they'll get the HTS classification right and ensure full customs compliance. They've earned my trust by consistently getting things right and keeping me informed every step of the way. If you're dealing with HTS code classification for Canada, don't try to do it alone. Working with Utrade Logistics took the confusion out of the process and helped me avoid costly mistakes. Their team saved me time, reduced my duties, and gave me complete confidence in every shipment. For any business importing to Canada, Utrade Logistics is the HTS code partner you want on your side. TIME BUSINESS NEWS
Yahoo
04-06-2025
- Business
- Yahoo
Flexport Debuts Tariff Simulator as Customers ‘Need Clarity on Costs'
Flexport wants to help businesses better estimate how much extra they're paying in tariffs when they're importing goods into the U.S. The digital freight forwarder launched the Flexport Tariff Simulator Monday as importers continue to navigate the stop-and-start environment. The simulator is accessible to the general public. More from Sourcing Journal US Pushes Global Partners for Trade Deals by Wednesday Trade Truce Crumbles as China Says US Violated Terms Trans-Pacific Ocean Freight Rates Continue Their Ascent on More Front-Loading With the Flexport Tariff Simulator, importers shipping to the U.S. can now estimate tariff and landed cost scenarios based on key shipment details, including: the Harmonized Tariff Schedule (HTS) code; shipment value; entry date; country of origin; and product-specific details such as material composition. For example, a business importing a men's T-shirt from China can either search their specific product category or enter the relevant HTS code and select an entry date to receive an estimated, detailed duty calculation with landed cost. The calculation also breaks out how much is owed for each individual duty that applies to the product's country of origin. Additionally, the tool also allows shippers to include potential exclusion codes to determine how much they would save if applied. Within the simulator, there is an interactive map that allows users to see trade data around the world including the total value of imports from a given country, the current average duty rate and the percentage of total U.S. imports coming from that country. The map also can break down total imports by individual HTS codes, and enables users to see the top trade partners for each individual product category. The simulator is built to enable dynamic scenario planning and cost forecasting as importers explore alternative trade lanes, manufacturing options and import timelines. According to Flexport, the user interface is updated in real time as tariff policies change. 'Our customers have been telling us loud and clear: they need clarity on costs,' said Ryan Petersen, founder and CEO of Flexport, in a statement. 'Our engineering team built The Flexport Tariff Simulator in response to meet that need in the face of all the uncertainty caused by rapid policy changes. We want to help merchants avoid expensive surprises.' Petersen has been vocal about the tariffs in recent months and how they could impact the Flexport business and its many customers. He told Fortune in a recent interview that the duties push back profitability projections for Flexport by six months to a year. And in a separate interview with The Wall Street Journal, he called the tariffs 'an extinction-level, asteroid-wiping-out-the-dinosaurs kind of event' for small businesses. In a LinkedIn post on Monday, Petersen called the tariff simulator 'the number one thing customers have asked for.' Retailers and brands alike of all sizes have had to endure a flurry of on-the-fly changes to U.S. tariff policy since April 2, when President Donald Trump's 'Liberation Day' announcements unveiled a slew of country-specific 'reciprocal' tariffs on dozens of American trade partners. A week later, on the day those duties initially went into effect, Trump put a 90-day pause on the country-specific tariffs, paring them back to a 10-percent baseline. Much of the attention is now on China, where plenty of Flexport customers still manufacture and source many of their products. China has seen the most tariff fluctuations of any U.S. trade partner as the White House continues its trade war against the country, likely creating confusion among those business leaders needing to stay abreast of the immediate impacts. On top of already existing Section 301 tariffs, China's 'Liberation Day' duties, including the 20-percent fentanyl-related tax, totaled 54 percent. These tariffs were then escalated to 145 percent as the remaining country-specific tariffs were scaled back, before being put largely on pause in May for 90 days. Chinese imports into the U.S. now have a duty rate of 30 percent. President Trump and China's President Xi Jinping could hold direct talks on the tariffs as soon as this week, according to the White House. Flexport's launch came the same day a Reuters report indicated that the White House wants its 'best offers' from U.S. trade partners by a Wednesday deadline. The official deadline for most countries to negotiate new deals with the Trump administration is July 9, before the 90-day pause expires and the original April 2 duties would go into effect. For China, the target date is Aug. 14. Alongside the tariff simulator launch, the freight tech company also is debuting a new, searchable catalog of HTS code content. Each entry is designed to provide detailed, easy-to-understand information to help businesses better navigate classification requirements, special duty rates and implications for their customs clearance process. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
02-06-2025
- Business
- Yahoo
Flexport Launches Tariff Simulator to Help Businesses Navigate Rapidly Changing Trade Policies
SAN FRANCISCO, June 02, 2025--(BUSINESS WIRE)--Flexport, the leading global logistics technology company, today announced the launch of the Flexport Tariff Simulator, a powerful new tool designed to help businesses estimate landed costs and navigate the evolving tariff landscape with greater speed and confidence. The tool is available to the general public at The launch marks the latest addition to Flexport's growing suite of customs and trade advisory technology—designed to provide importers with the data, insights, and transparency they need to make smarter, faster decisions in a complex global trade environment. With the Flexport Tariff Simulator, importers shipping to the United States can now estimate tariff and landed cost scenarios based on key shipment details, including: Harmonized Tariff Schedule (HTS) code; Shipment value; Entry date; Country of origin; and Product-specific details such as material composition. For example, a business importing aluminum-containing goods from China can enter the relevant HTS code, input the aluminum content, and select an entry date to receive an estimated, detailed duty calculation with landed cost. The Flexport Tariff Simulator enables dynamic scenario planning and cost forecasting as businesses explore alternative trade lanes, manufacturing options, and import timelines. "Our customers have been telling us loud and clear: they need clarity on costs," said Ryan Petersen, Founder and CEO of Flexport. "Our engineering team built The Flexport Tariff Simulator in response to meet that need in the face of all the uncertainty caused by rapid policy changes. We want to help merchants avoid expensive surprises." Within the simulator, there is an interactive map that allows users to see critical trade data around the world including the total value of imports from a given country, the current average duty rate, and the percentage of total United States imports coming from that country. Along with the tariff simulator, Flexport is also launching a new, searchable catalog of HTS code content. Each entry provides detailed, easy-to-understand information to help businesses better navigate classification requirements, special duty rates, and implications for their customs clearance process. While there are a number of other duty calculators that have launched, the Flexport Tariff Simulator is unique in its intuitive user interface and the fact it is updated in real time as tariff policies change. The technology is powered by Flexport's deep expertise in trade advisory, accurately applying tariff rates in an evolving, complex environment. As tariffs shift, the simulator and HTS catalog will evolve accordingly, ensuring customers always have the most accurate and transparent data at their fingertips. "As one of the largest customs brokerages in the U.S., Flexport is uniquely positioned to help businesses of all sizes stay compliant while managing risk and cost," Petersen added. The Flexport Tariff Simulator is available exclusively for U.S. imports and will be accessible to the general public for free at: About Flexport We believe trade can move the human race forward. That's why since our founding in 2013, it's our mission to make global commerce so easy there is more of it. Flexport is the tech-driven platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. Flexport was one of CNBC's Disruptor 50 Companies as well as one of Fast Company's Most Innovative Companies. Trusted by more than 10,000 brands, Flexport connects every step of the supply chain from factory floor to customer door - making it easy for businesses to ship anywhere, sell everywhere, and grow faster. View source version on Contacts Media Contact press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-06-2025
- Business
- Business Wire
Flexport Launches Tariff Simulator to Help Businesses Navigate Rapidly Changing Trade Policies
SAN FRANCISCO--(BUSINESS WIRE)--Flexport, the leading global logistics technology company, today announced the launch of the Flexport Tariff Simulator, a powerful new tool designed to help businesses estimate landed costs and navigate the evolving tariff landscape with greater speed and confidence. The tool is available to the general public at The launch marks the latest addition to Flexport's growing suite of customs and trade advisory technology—designed to provide importers with the data, insights, and transparency they need to make smarter, faster decisions in a complex global trade environment. With the Flexport Tariff Simulator, importers shipping to the United States can now estimate tariff and landed cost scenarios based on key shipment details, including: Harmonized Tariff Schedule (HTS) code; Shipment value; Entry date; Country of origin; and Product-specific details such as material composition. For example, a business importing aluminum-containing goods from China can enter the relevant HTS code, input the aluminum content, and select an entry date to receive an estimated, detailed duty calculation with landed cost. The Flexport Tariff Simulator enables dynamic scenario planning and cost forecasting as businesses explore alternative trade lanes, manufacturing options, and import timelines. 'Our customers have been telling us loud and clear: they need clarity on costs,' said Ryan Petersen, Founder and CEO of Flexport. 'Our engineering team built The Flexport Tariff Simulator in response to meet that need in the face of all the uncertainty caused by rapid policy changes. We want to help merchants avoid expensive surprises.' Within the simulator, there is an interactive map that allows users to see critical trade data around the world including the total value of imports from a given country, the current average duty rate, and the percentage of total United States imports coming from that country. Along with the tariff simulator, Flexport is also launching a new, searchable catalog of HTS code content. Each entry provides detailed, easy-to-understand information to help businesses better navigate classification requirements, special duty rates, and implications for their customs clearance process. While there are a number of other duty calculators that have launched, the Flexport Tariff Simulator is unique in its intuitive user interface and the fact it is updated in real time as tariff policies change. The technology is powered by Flexport's deep expertise in trade advisory, accurately applying tariff rates in an evolving, complex environment. As tariffs shift, the simulator and HTS catalog will evolve accordingly, ensuring customers always have the most accurate and transparent data at their fingertips. 'As one of the largest customs brokerages in the U.S., Flexport is uniquely positioned to help businesses of all sizes stay compliant while managing risk and cost,' Petersen added. The Flexport Tariff Simulator is available exclusively for U.S. imports and will be accessible to the general public for free at: About Flexport We believe trade can move the human race forward. That's why since our founding in 2013, it's our mission to make global commerce so easy there is more of it. Flexport is the tech-driven platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. Flexport was one of CNBC's Disruptor 50 Companies as well as one of Fast Company's Most Innovative Companies. Trusted by more than 10,000 brands, Flexport connects every step of the supply chain from factory floor to customer door - making it easy for businesses to ship anywhere, sell everywhere, and grow faster.
Yahoo
28-05-2025
- Business
- Yahoo
Passport Global Secures U.S. Customs License, Expands Brokerage Across All U.S. Ports
PALO ALTO, Calif., May 28, 2025 /PRNewswire/ -- Passport Global, Inc. (Passport), a leading global ecommerce solutions provider, today announced it has been officially granted a U.S. Customs and Border Protection (CBP) Corporate Customs License and National Permit. This milestone positions Passport among a select group of providers authorized to act as permitted licensed customs brokers across all U.S. ports of entry—enabling the company to conduct customs business on behalf of ecommerce merchants and unlock a new era of regulatory control, cost recovery, and trade compliance. "With the rise of cross-border ecommerce, brands are navigating increasingly complex customs environments—and too often doing it without a safety net or guide," said Alex Yancher, Co-Founder and CEO of Passport. "Becoming a licensed customs broker strengthens our ability to protect our customers, proactively manage their risk, and ensure they stay compliant every step of the way." Expanded Authority, Streamlined Compliance With this license, Passport can now file customs entries, represent importers, facilitate duty drawback, and offer critical compliance advisory services. These are activities restricted to licensed brokerage organizations under federal law (19 CFR 111.1), and include: File formal and informal customs entries directly into ACE Represent importers of record (IOR) and manage Post Summary Corrections Submit duty drawback claims for goods exported in the same condition Facilitate bonded shipments to bypass U.S. duty for in-transit cargo These services add to the solutions that Passport's Global Trade team of Licensed Customs Brokers has already been offering, including: Product classification consulting under the Harmonized Tariff Schedule (HTSUS) Customs valuation strategies, including transaction value, the first-sale rule, and intercompany pricing models Origin declaration guidance for USMCA and other trade preference programs Support for Partner Government Agency (PGA) requirements such as FDA, CPSC, and EPA Interpretation of CBP rulings, enforcement trends, and notices of action These capabilities come at a critical moment for ecommerce brands. Under Trump administration trade policies, including ongoing de minimis reform and new Section 301 tariffs, international merchants face increased cost exposure and compliance risk. Passport is doubling down on its role as a trusted compliance partner—building on the recent announcement of its patent-pending Seller of Record model and daily tariff coverage at "Securing this license is a significant milestone for Passport," said Traci Fisher, LCB, CCS, and License & Permit Qualifier at Passport. "It reinforces our commitment to delivering trusted, end-to-end customs solutions while ensuring compliance with U.S. regulations at every port of entry. Our clients can now rely on us to streamline their import processes, reduce risk, and navigate trade changes with confidence." Duty Drawback Facilitation and Recovery Many ecommerce brands importing goods into the U.S. and subsequently exporting them—as returns, replacements, or global shipments—are eligible to reclaim up to 99% of duties, taxes, and fees. As a licensed customs broker, Passport can now work directly with CBP to manage the end-to-end drawback process, including: Eligibility screening and drawback program setup Application filing for drawback privileges Data reconciliation and CBP-approved claim preparation Advisory support to optimize drawback strategies in high-duty categories such as apparel, supplements, and footwear "With margins tightening and tariff volatility increasing, duty recovery is no longer optional—it's a competitive edge" said Thomas Taggart, VP of Global Trade at Passport. "Our Global Trade team will help ecommerce brands recapture millions in paid duties through a turnkey, fully compliant drawback process." Real-World Impact for Ecommerce Brands For growing DTC brands, Passport's broker license unlocks faster clearance, fewer surprise fees, and expanded margin protection through duty recovery and bonded shipping options. "Unless you want to hire an international logistics and operations team, which is a huge financial investment and time commitment, Passport has proven to be the most effective as far as getting our products to customers and supporting, acting as an extension of our company and enabling our growth," said Max Christman, Supply Chain & Operations Lead at OneSkin. Whether acting as importer of record or providing product classification consulting, Passport's license adds a powerful new layer of control to its cross-border infrastructure. The company is on a mission to make international shipping as seamless and compliant as domestic fulfillment. Combined with its global DTC logistics network, marketplace integrations, and in-country enablement solutions, Passport delivers the end-to-end support and unmatched regulatory depth to merchants worldwide. About Passport Founded in 2017, Passport is a global ecommerce solutions provider that empowers merchants—like Dolls Kill, Ridge, Ogee, OneSkin, and HexClad—to grow profitably and confidently in over 180 countries. Combining innovative technology, global logistics, and expert compliance and growth support, Passport delivers the right solutions for the right markets at every stage of global growth. With in-house licensed customs brokers and international trade specialists, Passport offers a seamless, flexible experience—from cross-border logistics and in-country enablement services to duty and tax compliance—to help D2C brands unlock their full global potential. Users can learn more at ContactSr. Director & Head of MarketingCasey Logo: View original content to download multimedia: SOURCE Passport Global, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
