#42 - How to Import from China to the USA for Free
Built by Business: Amazon FBA, E-Commerce, Brand Building
Andy Isom | Amazon FBA Seller & Agency Founder
4.9 • 816 Ratings
🗓️ 16 March 2021
⏱️ 33 minutes
🧾️ Download transcript
Summary
In this episode, we dive deep into the world of importing, taxes, duties, and tariffs. We'll cover the de minimis act, $800 shipping limits, HS codes, how to value your goods, and much much more including some stuff President Obama and President Trump did to help or hurt your business.
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Transcript
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| 0:00.0 | We know people personally who have had issues with this. |
| 0:03.4 | Values were off. |
| 0:04.4 | Codes were off. |
| 0:05.4 | They get audited and then they get hit with a huge bill. |
| 0:07.9 | Hey, surprise, surprise. |
| 0:08.8 | You owe $80,000 for the shipments that you had a wrong code on. |
| 0:13.1 | Boom. |
| 0:13.6 | That's going to really, really suck if you do not have $80,000 available to pay that. |
| 0:19.3 | There's a lot to learn, a lot to know, so it's my goal to give |
| 0:21.9 | you the best information that I can. |
| 0:29.9 | What's up, guys? You're listening to another episode of Selling on Amazon with Andy Isam. This |
| 0:36.1 | episode is going to be very, very intense, but it's also extremely |
| 0:40.1 | important. This is one of the most confusing aspects of selling online. Regardless of if you're |
| 0:46.4 | selling on Amazon or trying to start your own brand, on Shopify, if you are importing goods |
| 0:53.2 | from another country into your country, be it the United States, |
| 0:58.6 | Canada, Mexico, wherever you're living and listening to this, there is a lot to know and understand |
| 1:03.7 | so that you don't get hit with massive fines or fees or even jail time. So we're going to try to talk as simply as we can |
| 1:13.7 | through some of the things regarding importing products and goods from other countries |
| 1:21.6 | into the United States. Now first let's talk just overview of the process of importing goods. If you're new to |
| 1:30.7 | this business model of having products made overseas and selling them on Amazon or through your own |
| 1:37.0 | website or whatever it is, basically is what you're doing is you're finding a supplier in another country. |
| 1:43.3 | For most of us, that country is going to be |
... |
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