As companies navigate ongoing tariff volatility, they’re increasingly utilizing technology for improved supply chain visibility and decision-making. Regular audits of the U.S. Harmonized Tariff Schedule can lead to significant savings, as demonstrated by a Vietnam-based battery manufacturer that reduced its duty rates by reclassifying products. Experts emphasize the importance of monitoring tariff code changes to maintain competitiveness and suggest leveraging AI for scenario modeling to prepare for potential disruptions. However, the fast-paced nature of tariff updates poses challenges for compliance, often outpacing official channels of information.

Source: https://www.supplychaindive.com/news/this-boring-tariff-strategy-code-reclassification-makes-huge-difference-HTS/756155/