The HS Code 40111050 refers to a specific category of goods: new pneumatic tires, excluding radials, made of rubber, and used specifically on motor cars, including station wagons and racing cars. This code is used to classify and identify these tires for international trade purposes.
When it comes to trade barriers and market openings, countries must maintain fair practices for all their trading partners. This means that if a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The bound/MFN (Most Favored Nation) duty rate for HS Code 40111050 is 3.4%, which applies to all countries.
The quantity unit for this HS Code is the number (NO), indicating the number of tires being imported or exported.
There are several special tariff preference programs that apply to the importation of HS Code 40111050:
These special rates vary depending on the trading partner and the specific program they qualify for.
When it comes to importing HS Code 40111050 to the United States, the following states are involved:
These states have a significant demand for new pneumatic tires for motor cars.
On the other hand, the exporting US state for HS Code 40111050 is South Carolina.
HS Code 40111050 represents new pneumatic tires used on motor cars. It is important for traders and customs officials to correctly classify and identify these tires to ensure fair trade practices. The bound/MFN duty rate, special tariff preference programs, and specific states involved in importing and exporting contribute to the overall trade dynamics of this product category.