The Problem: Tariff & Non-Tariff BarriersRead More
Savvy small businesses are increasingly looking to foreign markets for growth opportunities but they face many tariff and non-tariff barriers—basically a tax on U.S. doing business in that country. Sometimes these tariffs can close-out US competition completely. Tariffs on U.S. manufactured goods can go as high as 100 percent and up to 700 percent for American agricultural products. Additionally, non-tariff barriers such as inaccessible or overly complex import licensing paperwork, unequal rules for customs valuations, pre-shipment requirements and rules-of-origin qualifiers, as well as differing product standards dissuade market entry.