In economics, a duty is a target-specific form of tax levied by a state or other political entity. It is often associated with customs, in which context they are also known as tariffs or dues. The …

The economic significance of tariffs is underscored by recent data from the First Quarter 2025 CFO Survey. As illustrated in Figure 1, more than 30 percent of surveyed firms identify trade …

Sep 11, 2024 · A duty is a form of taxation levied on certain goods, services, or other transactions that are imported and exported. Duty rates are a percentage determined by the total value of …

Feb 24, 2025 · Import duty is tax collected on imports and some exports by a country's customs authorities to raise state revenues. Import duty may also be referred to as customs duty, tariff, …

4 days ago · For the European Union and China, the two largest U.S. trading partners, the White House imposed tariffs of 20 percent and 34 percent. The additional levy on China will be …

7 hours ago · Carriers of international postal shipments valued at less than $800 with goods from China and Hong Kong are required to collect and remit duties in the form of either (1) an ad …

Mar 17, 2025 · All duties are based on product characteristics, specifically the HTS code, and the certificate of origin. Tariffs are fees applied to specific products from specific countries for …

Jan 25, 2025 · Duties and tariffs are different types of fees imposed on goods entering a country to generate revenue for the government or protect domestic industries. Duties are based on …

5 days ago · The tariffs raise concerns of a trade war and economic slowdown, impacting global markets. FPIs also pulled Rs 556 crore from debt and Rs 4,038 crore from the debt voluntary …

2 days ago · The measures include a $10 universal duty on all imports and reciprocal tariffs aimed at roughly 90 countries. Trump said these moves are part of a larger effort to rejuvenate the …