🌍 Tariffs, Import Duties & Shipping Costs: How Do They Really Work? When it comes to international trade, the journey of a product across borders involves more than just transportation. Behind every shipped box or container lies a network of regulations, taxes, and logistics costs. Let’s break down the three most important components: tariffs, import duties, and shipping costs. Whether you're a business owner, importer/exporter, or simply curious—this guide will help you understand how it all works. https://www.arc-worldwide.com/cargo-service.html 🔍 1. What Are Tariffs? A tariff is a tax imposed by a government on goods imported from another country. It serves two major purposes: Revenue Generation : Helps governments earn money from international trade. Domestic Protection : Makes foreign goods more expensive so local industries remain competitive. For example, if India imposes a 20% tariff on imported shoes from China, those shoes become costlier in the In...