Global Tariffs and Duties without FTA Datafeed

WHY IS IT NEEDED? Global Customs Tariffs Data helps businesses understand the cost associated with importing and exporting goods. This data aids importers, exporters, customs brokers, and more in understanding what taxes are applicable and how much, to make pricing strategies and comply with global trade regulations. It focuses on the complex network of trade policies, aiding in understanding the economic implications and challenges international businesses face. It is used for compliance with global trade regulations by different governments. It includes attributes and information such as country ISO code, country name, HS code, description, unit of measurement, default duty, additional duty, excise duty, VAT rates, and more. The dataset supports in-depth analysis and research on the economic, political, and commercial impacts of tariffs and taxes. It aids in identifying patterns, correlations, and implications for industries and economies. This data aids importers, exporters, customs brokers, and more in understanding what taxes are applicable and how much, to make pricing strategies and comply with global trade regulations. WHY DO BUSINESSES NEED THIS? Pricing Analysis: To determine how import and export tariffs will affect their products, businesses use tariff data. Accurate cost projections, pricing strategies, and budgeting for cross-border transactions are all aided by it. Market Analysis: Businesses can examine markets and determine which areas have favorable or unfavorable tariff arrangements by using tariff data. Decisions about market entry, expansion, and diversification tactics are guided by this study. Risk Analysis: By highlighting possible trade concerns connected to tariffs, tariff data helps with risk assessment. Businesses can reduce risk by diversifying their sources or markets. Supply Chain Optimization: Improving supply chains requires an understanding of tariffs. Companies can plan their inventory management strategies by taking future tariff changes into account or strategically sourcing from nations with lower tariffs. Strategic Decision Making: By using tariff data to inform their decisions, companies can improve their competitiveness in the global market by expanding internationally, changing their product prices, sourcing, and logistics. ABOUT TRADEMO The only trustworthy resource for an international supply chain is Trademo. It was built by combining billions of data points and cleaning, enriching, and analyzing unstructured data utilizing big data, machine learning, NLP, entity resolution, and graph databases in order to obtain comprehensive knowledge about over 50% of world trade by dollar value.