The HS Code 87089958 refers to parts and accessories of motor vehicles that are not classified under any other specific HS codes. In particular, it covers double flanged wheel hub units with ball bearings. This code is used to identify and classify these specific products for import and export purposes.
When it comes to the duty rates for products under HS Code 87089958, the bound or most-favored nation (MFN) duty rate is 2.5%. This means that whenever a country reduces trade barriers or opens up its market, it must extend the same treatment to all its trading partners for the same goods or services. Therefore, this duty rate applies uniformly to all countries trading in these motor vehicle parts and accessories.
The quantity unit for HS Code 87089958 is measured in numbers (NO), indicating the number of units or items being imported or exported.
There are also special tariff preference programs available for products under HS Code 87089958. These programs provide duty-free treatment to certain countries. For example, the Generalized System of Preferences (GSP) grants duty-free treatment to eligible countries, including Australia, Bahrain, Canada, Chile, Israel, and others. Additionally, the Automotive Products Trade Act (APTA) provides duty-free treatment to Australia, while the Caribbean Basin Initiative (CBI) offers preferential rates for eligible countries. Other programs such as NAFTA, Andean Trade Preference Act (ATPA), and Dominican Republic-Central American Special Rate (DR-CAFTA) also provide special rates for specific countries.
When it comes to importing HS Code 87089958 products to the United States, several states participate in these trade activities. Some of the importing states include Utah, Alabama, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, North Carolina, Ohio, South Carolina, South Dakota, Tennessee, and West Virginia. These states are active importers of these motor vehicle parts and accessories.
On the other hand, there are also states in the United States that are involved in exporting products under HS Code 87089958. These states include Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Ohio, Rhode Island, South Carolina, Tennessee, Virginia, and Wisconsin. These states engage in the trade of these motor vehicle parts and accessories to other countries.
HS Code 87089958 represents parts and accessories of motor vehicles, specifically double flanged wheel hub units with ball bearings. It is essential for importers and exporters to understand the duty rates, quantity units, and special tariff preference programs associated with this HS code. Additionally, knowing the importing and exporting states can provide valuable insights into the trade activities of these products within the United States.