The HS Code 87019050 refers to a specific category of tractors that are not suitable for agricultural use and do not have track-laying capabilities. This article will provide an educational overview of this HS code, including its product description, duty rates, special tariff preference programs, and information about importing and exporting states in the United States.
The product description of HS Code 87019050 is "Tractors (o/than track-laying) nesoi, not suitable for agricultural use." This means that the code covers tractors that are designed for non-agricultural purposes, such as construction, transportation, or industrial applications. These tractors do not have track-laying capabilities, which are typically found in agricultural tractors.
The bound / MFN (Most Favored Nation) duty rate for HS Code 87019050 is free. This means that countries must eliminate or reduce their trade barriers and open up their markets for the same goods or services from all their trading partners. Therefore, when importing or exporting tractors under this HS code, no additional duties or tariffs are applied.
Under HS Code 87019050, there are several special tariff preference programs that offer duty-free treatment for specific countries. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by reducing or eliminating import duties on specific goods.
The following US states have recorded imports under HS Code 87019050:
On the other hand, the following US states have recorded exports under HS Code 87019050:
These states play a significant role in the import and export of tractors under HS Code 87019050, indicating the demand and trade activity related to this product category.
HS Code 87019050 covers tractors that are not suitable for agricultural use and do not have track-laying capabilities. Importing or exporting tractors under this code may be subject to special tariff preference programs and will generally not incur additional duties or tariffs. The recorded import and export activity of these tractors involves various states in the United States, highlighting the significance of this product category in trade.