The HS Code 85059040 refers to electromagnetic or permanent magnet work holders and parts thereof. This code is used to classify products for international trade purposes, allowing countries to efficiently categorize and track goods as they cross borders.
Electromagnetic or permanent magnet work holders are devices commonly used in various industries to secure and hold workpieces during machining or assembly processes. They utilize the power of magnets to create a strong and reliable grip on the workpiece, ensuring stability and precision during operations.
These work holders are essential tools in manufacturing, as they provide a secure and efficient way to handle and position workpieces. They can be found in industries such as automotive, aerospace, electronics, and metal fabrication.
For countries that do not have any special tariff preference programs in place, the bound or most-favored-nation (MFN) duty rate applies. The bound duty rate represents the maximum customs duty that can be imposed on the imported goods.
In the case of HS Code 85059040, the bound duty rate is free. This means that no import duties are charged when importing electromagnetic or permanent magnet work holders and parts thereof into countries that do not have specific trade agreements or preferential programs.
However, it is important to note that some countries have established special tariff preference programs for this HS code. These programs provide duty-free treatment for imports from specific trading partners. Some of the notable programs include:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries by reducing or eliminating import duties on specific goods.
When it comes to importing electromagnetic or permanent magnet work holders and parts thereof into the United States, certain states are commonly involved in these trade activities. Based on the available data, the following states are known for importing these products:
On the other hand, the following states are known for exporting these products from the United States:
These states play a significant role in the import and export of electromagnetic or permanent magnet work holders and parts thereof, contributing to the global trade of these essential industrial tools.
HS Code 85059040 represents electromagnetic or permanent magnet work holders and parts thereof. These devices are crucial in various industries, providing a reliable and efficient way to secure and position workpieces during machining or assembly processes. Import duties and tariffs may vary depending on the country and any special tariff preference programs in place. Furthermore, specific states in the United States are actively involved in the import and export of these products, contributing to the global trade network.