Declared Value

Topic summary

Tariff Assessment Basis:

Tariffs are assessed on the Free on Board (FOB) cost of goods sold (COGS), not the retail price.

What FOB COGS Includes:

  • Product cost
  • Packaging expenses
  • Freight charges

Key Point:
Tariff calculations are based on the goods’ value at the point of export, before shipment to the importing country.

Summarized with AI on October 31. AI used: claude-sonnet-4-5-20250929.

Will tariffs be assessed on FOB COGS or retail price?

Great question, @larkventures :+1:

Tariffs are typically assessed on the Free on Board (FOB) cost of goods sold (COGS), not the retail price. The FOB COGS includes the cost of the product itself, along with any additional costs incurred to prepare the item for shipment, such as packaging and freight charges. This means that the tariff is calculated based on the value of the goods at the point of export before they are shipped to the importing country.

If you have any more questions or need further clarification, feel free to ask!

1 Like