The HS Code 87033100 refers to motor cars and other motor vehicles designed for the transportation of persons. These vehicles are equipped with a compression-ignition internal combustion reciprocating piston engine, with a cylinder capacity not exceeding 1500 cc.
When it comes to trade regulations, the bound or most-favored-nation (MFN) duty rate for this HS code is 2.5%. This means that every time a country reduces a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for this HS code is measured in numbers (NO), which represents the number of motor cars or vehicles being imported or exported.
Various special tariff preference programs are available for imports under HS Code 87033100. These programs provide certain countries with preferential treatment, including duty-free access to the market. The countries eligible for these programs include Australia (A+), Austria (AU), Belgium (B), Bahrain (BH), Canada (CA), Chile (CL), Germany (D), Spain (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Portugal (P), Peru (PE), Singapore (SG), and more.
When it comes to importing this HS code into the United States, several states play a significant role. These states include California, Michigan, Montana, Utah, Iowa, Maryland, and South Dakota. These states have a high demand for motor cars and vehicles for transportation purposes.
On the other hand, the exporting states of this HS code from the United States include the District of Columbia, Iowa, Minnesota, South Dakota, Kentucky, Delaware, Indiana, Michigan, Mississippi, Missouri, Oregon, Illinois, Alabama, South Carolina, and more. These states are known for their production and export of motor vehicles.
HS Code 87033100 covers motor cars and other motor vehicles designed for the transportation of persons. It is important to understand the regulations and special tariff preference programs associated with this HS code when importing or exporting these vehicles. The states involved in the import and export of these vehicles play a crucial role in the overall trade dynamics.