Do all EU countries have the same tariffs?
Do all EU countries have the same tariffs? The 'Common Customs Tariff' (CCT) therefore applies to the import of goods across the external borders of the EU. The tariff is common to all EU members, but the rates of duty differ from one kind of import to another depending on what they are and where they come from.
Are tariffs the same for all countries?
Tariffs are taxes on imports imposed by a government as a protectionist strategy. Economists often discourage tariffs in favor of free trade since tariffs lead to price inefficiencies and costs to consumers. Less developed countries, such as those in the Caribbean and Africa tend to have the highest levels of tariffs.
Are tariff codes the same for all countries?
The first six digits of the HTS code identify all items in international trade and are the same for all countries that use the HTS. The last two or four digits are country specific; in the U.S. these last four digits provide the duty rate and balance of trade statistical reporting suffix for the imported goods.