The HS Code 87085065 is assigned to parts and accessories of motor vehicles of HS Codes 8701, 8702, and 8704-8705. Specifically, it refers to non-driving axles used in motor vehicles. In this article, we will delve into the details of HS Code 87085065, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
HS Code 87085065 encompasses parts and accessories of motor vehicles that are not driving axles. These axles are essential components of a vehicle's suspension system, supporting the weight of the vehicle and allowing for smooth movement. Non-driving axles play a crucial role in ensuring stability, control, and safety while driving.
The bound duty rate for HS Code 87085065 is 2.5%. It's important to note that this duty rate applies every time a country lowers a trade barrier or opens up a market. This means that if a country decides to reduce or eliminate duties on non-driving axles, it must do so for all its trading partners.
HS Code 87085065 is eligible for various special tariff preference programs, providing duty-free treatment for certain countries. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between the participating countries, providing benefits such as reduced or eliminated import duties.
When it comes to the import and export of products under HS Code 87085065, certain states in the United States play a significant role. The following states are notable importers and exporters:
These states have a significant demand for non-driving axles, potentially due to their automotive manufacturing industries or the presence of major automobile assembly plants.
Michigan and North Carolina are the primary exporters of non-driving axles. These states likely have a strong manufacturing base for automotive parts, allowing them to meet the demand of both domestic and international markets.
HS Code 87085065 covers parts and accessories of motor vehicles, specifically non-driving axles. It is essential for importers, exporters, and businesses involved in the automotive industry to understand this HS Code, its duty rates, special tariff preference programs, and the key importing and exporting states. By familiarizing themselves with these details, they can make informed decisions and navigate the international trade landscape more effectively.