Iron or steel hand-use articles, such as knitting needles, bodkins, crochet hooks, embroidery stilettos, and similar items, fall under HS Code 73199090. This code is used to classify these products for international trade purposes.
The bound or Most Favored Nation (MFN) duty rate for this HS code is 2.9%. The MFN duty rate ensures that whenever 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. This promotes fair and equal trade practices.
No units are collected for quantity in this HS code (X), indicating that the units are not measured or collected for statistical purposes.
There are several special tariff preference programs associated with HS Code 73199090. The following countries enjoy duty-free treatment under these programs:
HS Code 73199090 is relevant for import and export activities involving the United States. While the specific states involved in exporting are not mentioned, the importing state is Michigan. The repeated mention of Michigan suggests that it has a significant role in the trade of iron or steel hand-use articles.
Iron or steel hand-use articles classified under HS Code 73199090 are essential tools for various crafts and needlework. Knitting needles, crochet hooks, and embroidery stilettos are widely used by hobbyists, artisans, and professional crafters. These products are not only useful for personal projects but also for the production of handmade garments, accessories, and home decor items.
With the duty-free treatment provided by various special tariff preference programs, the import and export of iron or steel hand-use articles become more accessible and cost-effective for traders. These programs aim to promote economic growth, encourage international trade partnerships, and support the development of various industries.
HS Code 73199090 plays a crucial role in facilitating the global trade of iron or steel hand-use articles. It allows for proper classification, regulation, and duty determination for these products. By understanding and adhering to this HS code, importers and exporters can navigate the international trade landscape more efficiently and take advantage of the available tariff preference programs.