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Tagged: Purchasing; Buckeye Buy

Tariff Impacts and Resources

A tariff is a tax or duty imposed by a government on goods (not services, generally) brought into a country. The importing business pays this duty to its government. The business may then pass this cost on to the customer, even if there is a contract in place with an agreed upon price (treated in the contract as an unforeseen condition). The price for the item may increase without notice or the vendor may list an additional importation cost on an invoice.