By Russell Menyhart and Ying Zhu (August 1, 2018, 2:30 PM EDT) -- Tariffs have always been an important consideration when doing business with overseas companies or subsidiaries. But the newly implemented and proposed 25 percent and 10 percent tariffs on Chinese imports have magnified the importance of this issue, particularly for small and medium-sized enterprises.
From one perspective, analyzing the applicability of tariffs appears deceptively easy: Pull up the Harmonized Tariff Schedule codes and see if they apply to your prospective imports. It's a black-and-white analysis.
Or is it? Tariff classification can often be a complicated exercise, especially for goods that may undergo further processing or transformation in the U.S. Combine that with...
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