Is there a tax on imports coming into the U.S.?
Is there a tax on imports coming into the U.S.?
user
As part of NAFTA, goods that cross into the U.S. from Canada or Mexico are taxed in the U.S. at the border, as in the U.S. has a 20% tax rate on the value of imported goods.
assistant
So the tax on imports from Canada or Mexico is 20%?
user
The 20% is the rate charged to imported goods coming into the U.S.
assistant
Is it the same for imports from other countries besides Canada and Mexico?
user
Yes, the same rate applies to imports from other countries as well.
assistant
Thank you for this information.
user