Importing from China
in Business, Accounting & Taxes ·
I’m planning to launch an LLC this spring to import tech from China for both retail and wholesale. Right now, I’m looking at a 17% sales tax and 10% customs duty for Canada. My main question is: how do I source high-quality goods from China at a low cost? I want to import tablets, mice, keyboards, joysticks, speakers, drones, and more. Finding quality gear at a decent price point is vital so my margins actually work. Everyone tells me the cheapest way to move freight is by ship from China to Cleveland. Can I bypass freight forwarders entirely? For instance, once the shipment hits Cleveland, can I just send a truck to pick up the cargo and take it to the nearest customs office to clear everything? Also, what else should I be mindful of when importing electronics to avoid any legal headaches or fines? If anyone can help, feel free to shoot me a DM. Thanks. 👍