concept

customs duty

Also known as: import duties, customs duty, customs duties

Facts (20)

Sources

Tracking Trump's Trade Deals | Council on Foreign Relations cfr.org Inu Manak, Allison J. Smith · Council on Foreign Relations Mar 17, 2026 5 facts

claimRegarding digital trade, North Macedonia agreed not to impose a digital service tax and to support the adoption of a permanent moratorium on customs duties for electronic transmissions at the World Trade Organization (WTO).

claimThe U.S.-India agreement commits India to addressing barriers to digital trade, including removing digital services taxes and negotiating bilateral digital trade rules that prohibit the imposition of customs duties on electronic transmissions.

accountThe February 10, 2026, White House Fact Sheet update eliminated India's commitment to remove digital services taxes and the goal of negotiating rules to prohibit customs duties on electronic transmissions.

claimBangladesh committed to addressing barriers to digital trade, including supporting a permanent moratorium on customs duties on electronic transmissions at the World Trade Organization.

claimThe U.S.-Indonesia Agreement on Reciprocal Trade commits Indonesia to support a permanent moratorium on customs duties for electronic transmissions at the WTO and to implement the WTO Agreement on Services Domestic Regulation.

How Tariffs May Reshape Global Trade and Supply Chains | Research research.gatech.edu Georgia Tech Research Feb 19, 2025 4 facts

measurementIn fiscal year 2022, total United States goods imports were US$3.35 trillion, and total collected customs duties were US$112 billion, representing an average duty rate of approximately 3.3%.

claimImporters-of-record, which are responsible for paying customs duties on imported goods, include entities such as retailers like Walmart and producers like Ford and ExxonMobil.

measurementIn fiscal year 2023, the United States Treasury collected approximately US$80 billion in customs duties.

procedureWhen the United States government imposes a tariff on imported goods, importers-of-record (firms or individuals arranging the importation) must pay a customs duty on the declared goods before they can be moved into the United States.

History of tariffs in the United States - Wikipedia en.wikipedia.org Wikipedia 4 facts

referenceThe 'Historical Statistics of the United States (Colonial Times to 1970)' contains series data on U.S. government receipts, including customs duties from 1789 to 1970, excise taxes from 1863 to 1970, and income taxes from 1916 to 1970.

referenceThe White House Historical Tables (1940–2016) provide data on U.S. government receipts, specifically detailing excise tax collections from 1934 to 2010 and customs duties from 1940 to 2010.

measurementCustoms duties accounted for approximately 80–95% of all federal revenue in the United States up to 1860.

referenceIn his December 1791 Report on Manufactures, Treasury Secretary Alexander Hamilton proposed measures to support domestic industrial development, including increased import duties on finished goods, reduced duties on raw materials, production subsidies (bounties) for key industries, and government support for the immigration of skilled labor.

U.S. tariff outcomes dependent on trading partner responses dallasfed.org Federal Reserve Bank of Dallas May 13, 2025 2 facts

claimSince World War II, the United States federal government has primarily relied on individual income and payroll taxes for funding, with customs duties contributing only a marginal amount to total revenue.

accountThroughout the 19th century and into the early 20th century, customs duties were the primary contributors to U.S. federal revenue because the government lacked alternative income sources.

How Tariffs May Reshape Global Trade and Supply Chains scl.gatech.edu Georgia Tech Supply Chain & Logistics Institute Feb 19, 2025 2 facts

claimCustoms duties collected by the United States government are deposited into the US Treasury, similar to personal income taxes, social security taxes, Medicare taxes, and corporate income taxes.

claimWhen the United States government imposes a tariff on a bundle of goods, importers-of-record, such as retailers like Walmart and producers like Ford and ExxonMobil, must pay a customs duty on those goods before they can be moved into the United States.

The Tariff Tug-of-War: A Look at Protectionism and Free Trade Over ... wita.org Washington International Trade Association Apr 29, 2025 1 fact

accountThe Smoot-Hawley Tariff Act of 1930 raised import duties in the United States to protect American jobs, which triggered a global trade war as other nations retaliated with their own tariffs.

[PDF] THE EVOLUTION OF TARIFFS | Hightower Advisors hightoweradvisors.com Hightower Advisors 1 fact

measurementThe Smoot-Hawley Tariff Act of 1930 imposed a 20% import duty.

How Tariffs Are Reshaping Global Supply Chains in 2025 supplychainbrain.com SupplyChainBrain Jun 25, 2025 1 fact

claimThe Trump administration in the United States has imposed import duties as high as 25% on goods from China, specifically targeting sectors such as electronics, steel, textiles, and semiconductors.