Importers and exporters are getting their first look at the revised U.S. Harmonized Tariff Schedule after changes were released through a presidential proclamation on Wednesday.
Changes to the HTS, the standard code used to classify goods for the purpose of revenue collection, aligns the U.S. system with the international tariff code recommended by the World Customs Organization, said Dave Back, director of tariff affairs for the U.S. International Trade Commission, said that the changes align the U.S. system
Although the tariff tables look the same at first glance, there are 130 pages of amendments, he said. The revisions have been under way for two years, but the agency could not release them until Wednesday’s proclamation.
“We’ve been getting calls about this for months, ” Back said.