The U.S. replaced its tariff classifications with the Harmonized Tariff Schedule, a uniform system of goods classification used by custom officials worldwide.

Question

Quizplus · Accepted Answer

This statement is true. The Harmonized Tariff Schedule (HTS) is a standardized system used by customs officials in many countries, including the United States, to classify goods for trade and tariff purposes. It replaced the previous U.S. tariff classification system in 1989.

The US Replaced Its Tariff Classifications with the Harmonized Tariff Schedule