Saturday, January 11, 2014

Why we pay 16.5% tax on shirts from Bangladesh and 0% on shirts from Colombia


Protecting U.S. trade means following an incredibly elaborate set of rules spelled out in a giant book that's more than 3,000 pages long. Michael Cone, a customs and international trade attorney in New York, calls it "the book of everything." Its official name is the “Harmonized Tariff Schedule of the United States.”

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