The HS Code 87089275 refers to parts and accessories of motor vehicles that are not specified elsewhere. These parts belong to the broader classification of motor vehicles under HS Codes 8701, as well as 8702-8705. Specifically, HS Code 87089275 covers parts of mufflers that are not specified elsewhere.
When it comes to international trade, countries often have trade barriers and restrictions in place. However, through the Most Favored Nation (MFN) principle, countries are required to lower trade barriers and open up their markets for the same goods or services from all their trading partners. This principle ensures fairness and equal treatment in international trade.
The bound or MFN duty rate for HS Code 87089275 is 2.5%. This means that countries applying this HS Code will impose a duty rate of 2.5% on the imported parts and accessories of motor vehicles. It is important to note that duty rates can vary for different HS Codes and may change over time due to trade agreements or policy changes.
The quantity unit for HS Code 87089275 is not available (NA). This indicates that the data does not specify a specific quantity or unit of measurement for the parts and accessories of motor vehicles under this HS Code.
There are special tariff preference programs in place for HS Code 87089275. These programs provide certain countries with preferential treatment in terms of duty-free or reduced duty rates. The countries eligible for these special tariff preference programs for HS Code 87089275 include: Australia (A*), Austria (AU), Belgium (B), Bahrain (BH), Canada (CA), Chile (CL), European Union (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Panama (P), Peru (PE), Singapore (SG).
For specific details on the special tariff preference programs, certain countries are excluded from the Generalized System of Preferences (GSP) eligibility for that HTS subheading, meaning they do not receive duty-free treatment. Australia has a special rate under the Automotive Products Trade Act (APTA) that provides duty-free treatment. Bahrain, Canada, Chile, Israel, Jordan, Morocco, Mexico, Oman, Dominican Republic-Central America, Peru, and Singapore also have special rates with duty-free treatment.
When it comes to importing HS Code 87089275 into the United States, the data provided shows that the following states are engaged in importing: Utah, Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, and West Virginia. These states have a demand for the parts and accessories of motor vehicles covered under HS Code 87089275.
On the other hand, the data also indicates that the following states in the United States are engaged in exporting HS Code 87089275: Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Ohio, Rhode Island, South Carolina, Tennessee, Virginia, and Wisconsin. These states are involved in exporting the parts and accessories of motor vehicles covered under HS Code 87089275.
HS Code 87089275 plays a crucial role in international trade, facilitating the import and export of parts and accessories of motor vehicles. Understanding the specific classification and regulations surrounding this HS Code is essential for businesses and individuals involved in the automotive industry.