Existing Chinese tariffs made business difficult — recent retaliation made it unsustainable. By Tracie Sullivan, For Iron County Today When Utah Iron abruptly shuttered its mining operations in Iron County Wednesday, some were quick to point fingers at President Donald Trump, blaming his tariff policies for the closure. But…
If the terms on the contract are DDP (Delivery Duty Paid), which a lot of customers in China request, then the taxes and duties at the point of entry to China are paid by the exporter. You want to use terms DAP (Delivered at Place) and name the port or airport. The importer is then responsible for all local charges, including these sudden tariffs.
If the terms on the contract are DDP (Delivery Duty Paid), which a lot of customers in China request, then the taxes and duties at the point of entry to China are paid by the exporter. You want to use terms DAP (Delivered at Place) and name the port or airport. The importer is then responsible for all local charges, including these sudden tariffs.
That makes sense, thank you
Is DAP the same as FOB?
They’re similar, but in DAP the risk transfers at the named destination port whereas with FOB risk transfers once loaded at the origin port.