BONUS: Why You Need HS & HTS Codes When Importing Products

In this episode... Sofeast's head of Supply Chain Management, Kate, joins Adrian in this short bonus podcast with a logistics focus to explain what HS and HTS codes are, and why they're so important for importers who are shipping their products from where they're manufactured to where they're going to be sold. These codes are added to your customs declaration and classify what your product is. Different product codes will attract different levels of import duties, taxes, and tariffs, so selecting the right code is critical (and more than one might be appropriate for your product)! Your product classification may also influence the materials, components, and packaging you use, so that's also something to be aware of.   Show Sections 00:00 - Greetings. 01:11 - What are HS and HTS codes? 02:53 - How to select appropriate codes for your product/s? 03:33 - How the US/China trade war has affected costs for importers from China and why being aware of potential duties for your product is necessary before you ship. 06:319 - An example of where researching a better HTS code saved an American importer a lot of money. 08:59 - Kate's advice on getting the best code for your needs.   Related content... HS vs HTS Codes: How to Find the Right Code for your Product? (incl. Links to Official Sources) Shipping Marks Types of Incoterms Where does Sofeast provide logistics support from? Sofeast's logistics experts can help you get your products from Asia to where you need them - explore our Logistics Management solution where we take care of the entire process for you, from packing, incoterms, and warehousing, through to fulfillment and managing duties and tariffs upon arrival. Get a tailored quotation for your needs.   Get in touch with us Connect with us on LinkedIn Send us a tweet @sofeast Prefer Facebook? Check us out on FB Contact us via Sofeast's contact page Subscribe to our YouTube channel   Subscribe to the podcast  There are more episodes to come, so remember to subscribe! You can do so in your favorite podcast apps here and don't forget to give us a 5-star rating, please: Apple Podcasts Spotify Stitcher Google Podcasts TuneIn Amazon Podcasts Deezer iHeartRADIO PlayerFM Listen Notes Podcast Addict Podchaser