There are several types of fees that the U.S. Customs and Border Protection (CBP) may charge for shipping errors or trade agreements, including:
Penalties: If the importer makes a mistake on their declaration or violates a trade agreement, they may be subject to penalties, which can be substantial.
Liquidated damages: If the importer fails to comply with a trade agreement, they may be required to pay liquidated damages to the CBP.
Duty owed: If the importer under-declares the value of their goods, they may be required to pay additional duty owed to the CBP.
Interest: If the importer does not pay their duties or penalties in a timely manner, they may be charged interest on the outstanding amount.
Storage fees: If the importer does not claim their goods in a timely manner, they may be charged storage fees by the CBP for holding the goods.