Understanding Tariff Engineering

Why is the classification of a product important for companies?

• It determines the product's popularity.

• It influences the product's quality.

• It affects the company's branding.

• It can lead to significant cost savings or expenses.

What is the main reason companies care about their product classifications?

• To enhance customer satisfaction.

• To reduce tariffs.

• To improve product design.

• To increase sales.

What is tariff engineering?

• A technique to enhance product durability.

• A method to improve product quality.

• A strategy to reduce tariffs by altering product design.

• A way to increase product sales.

How did the sugar importer in 1881 attempt to lower tariffs?

• By changing the packaging.

• By adding molasses to make the sugar darker.

• By mixing the sugar with other ingredients.

• By reducing the sugar content.

What was the outcome of the Supreme Court case involving the sugar importer?

• The case was dismissed.

• The court ruled in favor of the importer.

• The importer lost the case.

• The importer was fined heavily.

What was the main argument in the Snuggie classification case?

• Whether it was a toy or a garment.

• Whether it was a blanket or a sweatshirt.

• Whether it was a slipper or a shoe.

• Whether it was a telecommunications device.

What was the court's ruling on the Snuggie classification?

• It was classified as a garment.

• It was classified as a toy.

• It was classified as a blanket.

• It was classified as a telecommunications device.

What is the Harmonized System?

• A global index for classifying goods.

• A technique to enhance product durability.

• A method to increase product sales.

• A system to improve product quality.

How does the Harmonized Tariff Schedule of the US classify goods?

• By brand and manufacturer.

• By weight and volume.

• By numerical codes.

• By color and size.

What strategy did Columbia Sportswear use to reduce tariffs on their shirts?

• They reduced the size of the shirts.

• They added a small pocket below the waist.

• They changed the color of the shirts.

• They used a different fabric.