SourceChina is the United States' largest trading partner, always providing more than 20 percent of the country's total U.S. exports. However, there are some basic rules when importing from China, which include: Avoiding trade and currency manipulation. Importing goods on consignment. Paying cargo charges. Arranging shipments through third-party logistics firms. These processes take time, so it makes sense to source your products from import from China.
Tariffs and import restrictions affect the import price of imported goods from many countries. These tariffs are imposed by the Chinese government based on the level of trade surplus the country enjoys with other countries. Since China does not operate a formal free trade regime, its import and export duties are subject to a range of surcharges and taxes. Many products come in different types of packages and are imported by truck, ship, train, aircraft, and even automobile. To facilitate trade, the Chinese government sets a series of tariffs to be applied based on the country of origin.
Many goods imported from China undergo customs clearance. This is the final administrative stage before the goods are released into the local market. China's customs clearance system, commonly called customs clearing, is complex and time consuming. In addition to high tariffs to be paid, China imposes a host of additional fees, assessments, and compulsions on imports, some of which are negotiable, and others that can be bargained for.
For most imported goods, the value is simply the difference between the foreign currency received and the value of the same item being sold at home. However, there are some exceptions, such as food imported from China. Importers of medical devices and laboratory equipment sometimes face the choice between selling their items for less in the United States than they paid in China and importing the devices or equipment in their China stock for resale in the United States. The government has established a policy that allows the importation of computer software that has been programmed in Chinese. While the practice is not formally recognized by the United States, it does occur frequently enough to be of some concern to the United States government.
Tariffs are the charges levied on imports. They are often based on a percentage of the value of the merchandise. Tariffs and taxes are in place to raise manufacturing productivity and keep goods flowing across international borders. A variety of different types of tariffs apply to specific goods and services in different sectors of the economy. Some examples include import tariffs for automobiles, petroleum and petrochemicals, agricultural products, aluminum, and steel.
An I.T or electronic technology import refers to the movement of certain types of I.T merchandise, like communications systems, from one point in the world (the importer) to another point in the world (the destination). Specific I.T customs clearance procedures are used to facilitate the transport of these goods. China is one of the major sources of I.T. equipment, components and software. To facilitate the movement of these goods, Chinese customs and clearance agencies perform a series of duties that include inspection of shipments, testing of the security of the goods, and collection of the relevant tariffs and other duties from the importer and all other applicable parties.
Many of the duties and responsibilities of a Chinese customs broker are performed by Chinese shipping companies. The brokering process involves the identification of the originating source country, and then the finding of an appropriate Chinese wholesaler or retailer who can take care of the transportation and storage of the goods in China. After finding the appropriate shipper or retailer of the items, the shipping company then contacts the importer to arrange for the necessary paperwork and documentation. Once the paperwork and related consignment have been arranged, the shipping company takes possession of the goods, and the truck company or carrier is responsible for arranging the necessary transportation to and from the destination.
The Chinese government levies several different types of duties on imported goods ranging from the imposition of a custom duty to the setting of a special, anti-dumping tariff. A Chinese national, whether permanent resident or a non-immigrant alien, may be subject to an import tax based on the rates of this specific duty. On the other hand, a foreigner with permanent residence in China may be subjected to an exit tariff if the latter wants to sell or deliver the imported item to another foreign destination. These rates are subject to revision periodically and are often subject to trade disputes between the two countries.
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