Frequently Asked Questions
What is a tariff?
A tariff is a tax imposed by a government on goods and services imported from other countries. Tariffs increase the price of imported goods, making them less attractive to consumers and protecting domestic industries.
Why are tariffs applied?
Governments use tariffs for various reasons, including: protecting domestic industries from foreign competition, generating revenue, addressing trade imbalances, or as a tool in political or economic disputes (e.g., reciprocal tariffs).
What is the difference between a base tariff and a special tariff?
The base tariff (like the 10% global rate mentioned) is a standard rate applied broadly. Special tariffs are additional or different rates applied to specific goods, origins (like China), or under particular circumstances (like the steel & aluminum tariffs).
How often is the tariff information updated?
We aim to reflect the latest major tariff announcements based on official U.S. government sources. However, tariff policies can change frequently. For definitive rates, always consult the official Harmonized Tariff Schedule (HTS) or announcements from relevant government agencies.
Is TariffLook official government advice?
No. TariffLook is an informational tool intended for general guidance only. It is not a substitute for professional legal or trade advice, nor does it represent official government data in real-time. Please consult official sources and qualified professionals for specific trade decisions.