Published: Jul 26, 2023
Duration: 00:01:44
Category: People & Blogs
Trending searches: who pays tariffs
if you buy from China if the merchant will be in USA as Transit because it will be exporting uh so I'm not sure I just asked him to clarify but I can answer real quickly basically if there are if he's talking about the U.S company the U.S company is importing the product into the United States typically so your company is the Importer then you're typically responsible for paying customs duties fees tariffs you know anything um that's related to that and the do customs duties are taxes and at the end of the day um so yes you're responsible for paying that there are very very infrequently are their export duties or taxes that have to be paid out of China if they do exist they're relatively small amounts mostly processing fees and it depends on how you structure the purchase that would be in your purchase order and any agreement that you have are you going to take ownership of the goods when they leave the factory in which case you know you probably are going to pay for all those exporting costs are you only going to take ownership when they arrive in the United States in which case the factory would pay for the exporting costs so that's all part of the discussion you have with the supplier who's going to pay for what what point do you take ownership what are you responsible paying for what are they responsible paying for foreign [Music]