Preferential Tariff
A reduced tariff rate granted to imports from specific countries under free trade agreements or preferential trade programs.
Frequently Asked Questions
What is Preferential Tariff?
A reduced tariff rate granted to imports from specific countries under free trade agreements or preferential trade programs.
Why is preferential tariff important for US importers?
Understanding preferential tariff is essential for importers to correctly classify goods, calculate duties, and maintain compliance with US Customs and Border Protection (CBP) regulations.