Significant duty and tariff increases imposed by key world economies have applied considerable pressure on companies that rely on global trade to conduct business. For many manufacturers and distributors, these added costs threaten the viability of the business itself — seemingly with no solution in sight.
Import duties and tariffs levied on your company, when not properly addressed, can negatively impact profit margins and effectively restrain its ability to profitably operate. Starting with an HS code classification assessment, Baker Tilly’s clients benefit from the proprietary process, extensive trade experience and unique analytics platform proven to REDUCE or even ELIMINATE import tariffs.
Improvement in import duties and tariffs:
Our understanding of import duties and HS tariffs allows us to provide a high level of support in a way that is custom to the pace of need, investment and urgency of each organization.
A preliminary assessment of issues and gaps could provide a directionally focused mitigation plan. If you want to nearly future-proof your operations against duties, tariffs and rising trade tensions, connect with our team today for a complimentary assessment.
An extensive roster of services for importers and manufacturers:
Trade tensions prompted many of accounting firm Baker Tilly’s 4,500 midsized manufacturing clients to switch gears. Instead of searching for ways to sell more products overseas, clients now want help mitigating trade tariffs.