When it comes to international trade, the Harmonized System (HS) Code plays a vital role in classifying goods. Each product is assigned a unique HS code, which is used by customs authorities to determine the applicable tariffs, regulations, and restrictions.
One such HS code is 85446020, which represents insulated electric conductors for a voltage exceeding 1,000 V, fitted with connectors. These conductors are used in various electrical applications and are designed to carry high voltages safely and efficiently.
Insulated electric conductors are essential components in power transmission and distribution systems, as well as in industrial machinery and equipment. They are used to connect electrical devices, ensuring the smooth flow of electricity and preventing any electrical hazards.
The HS code 85446020 specifically refers to insulated electric conductors that are not elsewhere specified, meaning they cover a wide range of conductors that are not classified under any other HS code. However, they all share the common characteristic of being designed for voltages exceeding 1,000 V and being fitted with connectors.
When it comes to importing these insulated electric conductors into the United States, certain trade barriers and tariff rates come into play. The bound/MFN duty rate for HS code 85446020 is 3.7%. This means that every time 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.
However, there are special tariff preference programs in place that offer duty-free treatment for HS code 85446020. These programs include the Generalized System of Preferences (GSP), which provides duty-free treatment for eligible products from various countries. Some of the countries that benefit from this program include Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and many others.
In terms of trade volume, the United States imports HS code 85446020 insulated electric conductors from several states. Among these states are New Mexico, North Carolina, Oklahoma, and South Dakota. These states play a significant role in meeting the demand for these conductors in the US market.
On the export side, North Carolina, Oklahoma, and South Dakota are the main contributors. These states have a strong manufacturing base and are able to produce and export high-quality insulated electric conductors to meet the global demand.
HS code 85446020 represents insulated electric conductors for a voltage exceeding 1,000 V, fitted with connectors. These conductors are crucial in various electrical applications and are subject to specific tariffs and trade preferences. Understanding the HS code system and its implications is essential for anyone involved in international trade and commerce.