Lithium carbonates fall under the HS Code 28369100. This code is used to classify and identify lithium carbonates in international trade. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states related to this HS code.
Lithium carbonates are chemical compounds composed of lithium and carbonates. They are widely used in various industries, including pharmaceuticals, ceramics, glass manufacturing, and energy storage. Lithium carbonates are known for their high lithium content and play a crucial role in the production of lithium-ion batteries, which are extensively used in portable electronic devices and electric vehicles.
The bound or most-favored-nation (MFN) duty rate for lithium carbonates is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. The duty rate ensures fair trade practices and encourages countries to maintain consistent trade policies.
The quantity unit for lithium carbonates is kilograms (KG). This unit is used to measure the weight or mass of the product during import or export transactions. It helps in accurately determining the quantity of lithium carbonates being traded and ensures transparent trade practices.
Lithium carbonates under HS Code 28369100 are eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment or duty-free access to the US market. The programs associated with this HS code include:
When it comes to importing lithium carbonates into the United States, one of the states involved is Delaware. Importers located in Delaware engage in trade activities related to this HS code. Delaware serves as a gateway for the importation of lithium carbonates and facilitates their distribution to other states and industries within the country.
Regarding the exporting of lithium carbonates from the United States, there are several states involved, including Connecticut and Wyoming. Lithium carbonates are produced in these states and exported to various countries around the world. The exportation of lithium carbonates contributes to the economic growth and trade balance of these states.
HS Code 28369100 represents lithium carbonates in international trade. These chemical compounds have diverse applications and are crucial for the production of lithium-ion batteries. Understanding the product description, duty rates, special tariff preference programs, and the involvement of specific US states is essential for importers, exporters, and businesses operating in related industries.