The HS Code 84678910 refers to a specific category of tools that are used for working with metal. These tools are designed to be operated by hand, hydraulic power, or with a self-contained nonelectric motor. They are versatile and can be used for various metalworking tasks.
When it comes to trade, countries have to abide by certain rules and regulations. One of these rules is the Bound/MFN duty rate. This rate ensures 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. In the case of HS Code 84678910, the Bound/MFN duty rate is free, meaning there are no additional tariffs or duties imposed on the import or export of these tools.
The quantity unit for HS Code 84678910 is a number (NO). This unit represents the quantity of tools being imported or exported.
There are also special tariff preference programs available for HS Code 84678910. These programs provide certain countries with preferential treatment when it comes to trade. Some of the countries that enjoy free trade under these programs include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and several others. These special rates or exemptions are part of programs such as the Generalized System of Preferences (GSP), NAFTA, Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), and the Dominican Republic-Central American Special Rate (DR-CAFTA).
When it comes to importing HS Code 84678910 into the United States, certain states are more active in this trade. Wisconsin, South Carolina, and Wyoming are three states that frequently import these tools. On the other hand, New Hampshire and Mississippi are states that commonly export HS Code 84678910 tools.
Overall, HS Code 84678910 represents a category of tools that are essential for metalworking tasks. These tools can be operated by hand, hydraulic power, or with a self-contained nonelectric motor. They enjoy preferential treatment under special tariff preference programs, and their import and export activities are more prominent in certain US states.