G8 Countries' Cost Of Customs Duties Rises To $103 Billion - Even Ahead Of 'Trade Wars'

CHICAGO, May 23, 2019 /PRNewswire/ -- The cost of customs duties in G8 countries rose 4% last year from $99 billion to $103 billion, even ahead of global 'trade wars.'

G8 countries' import duties amount to 1.24% of roughly $8.3 trillion in annual imports. UHY studied 20 countries, calculating the value of imports and cost of duties on those goods and services. Click here to read more: https://uhy-us.com/News-Events/Article/1200/G8-countries-cost-of-customs-duties-rises-to-103-billion-even-ahead-of-trade-wa

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UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org.

UHY is an international association of independent accounting and consultancy firms, whose organizing body is Urbach Hacker Young International Limited, a UK company. Each member of UHY is a separate and independent firm. Services to clients are provided by the UHY member firms and not by Urbach Hacker Young International Limited. Neither Urbach Hacker Young International Limited nor any member of UHY has any liability for services provided by other members. 

SOURCE UHY LLP

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