When it comes to international trade, the Harmonized System (HS) codes play a vital role in classifying and identifying products. These codes are used by customs authorities worldwide to determine the appropriate duties, tariffs, and regulations for each product. In this article, we will delve into the details of HS Code 40119945, which covers "Other new pneumatic radial tires, of rubber, NESOI."
HS Code 40119945 specifically refers to a category of tires that are not classified under any other specific HS code. These tires are made of rubber and have a pneumatic radial construction. They are designed for various types of vehicles and machinery, such as cars, trucks, agricultural equipment, and industrial machinery.
Importing products under HS Code 40119945 may incur a bound or MFN (Most Favored Nation) duty rate of 4%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate to all its trading partners for the same goods or services. This ensures fair and equal treatment in international trade.
The quantity unit for products classified under HS Code 40119945 is measured in numbers (NO), indicating the number of individual tires being imported or exported.
There are also several special tariff preference programs that offer duty-free treatment for products under HS Code 40119945. These programs include the Generalized System of Preferences (GSP), which provides duty-free treatment for eligible developing countries. Other special rate programs include those for Australia, Bahrain, Canada (under NAFTA), Chile, the Caribbean Basin Initiative (CBI), Israel, the Andean Trade Preference Act (ATPA), Jordan, Morocco, Oman, the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), Peru, and Singapore.
When it comes to importing products under HS Code 40119945 to the United States, several states have been identified as major importers. These states include Alabama, Georgia, Illinois, Ohio, Oregon, Pennsylvania, South Carolina, Vermont, and the Virgin Islands. These states have seen a significant demand for pneumatic radial tires, leading to increased trade in this product category.
On the other hand, the exporting states within the United States for products under HS Code 40119945 are primarily South Carolina. This suggests that South Carolina has a strong manufacturing base for these tires and is able to meet the demand both domestically and internationally.
HS Code 40119945 covers "Other new pneumatic radial tires, of rubber, NESOI." This HS code is essential for classifying and regulating the trade of these tires globally. Understanding the duty rates, special tariff preference programs, and trading patterns can help businesses and individuals navigate the international trade landscape for products in this category.