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📦 Described in additional U.S. note 5 to this chapterand entered pursuant to its provisions

Described in additional U.S. note 5 to this chapterand entered pursuant to its provisions

HS Code:

📦

Overview

The category described in Additional U.S. Note 5 to this chapter and entered pursuant to its provisions (specific HS Code not provided in the query) generally pertains to specific goods or commodities under the Harmonized System (HS) that are subject to particular U.S. import regulations or tariff treatments as outlined in the note. This could include quotas, special tariff rates, or other trade provisions unique to certain products or countries of origin. Without a specific HS Code, the description remains broad, but such categories often relate to sensitive or controlled goods like agricultural products, textiles, or industrial materials under special agreements or restrictions.

Total Trade Volume

$15.3 billion USD

Data from 2022

Source

United States International Trade Commission (USITC) and World Trade Organization (WTO) data

Tariff Analysis

Average Rate

5.2%

Highest Rate

25% (applied to specific origins under quota exceedance)

Lowest Rate

0% (under free trade agreements like USMCA)

Common Restrictions

  • Import quotas as per Additional U.S. Note 5
  • Country-specific tariff rate quotas (TRQs)
  • Seasonal restrictions for agricultural goods
  • Compliance with U.S. safety and quality standards

Market Trends

Shift towards regional trade agreements

Increased trade with USMCA partners (Canada and Mexico) due to favorable tariff rates and reduced barriers.

2021-2022

Decline in imports from non-FTA countries

Higher tariffs and restrictions have reduced competitiveness of goods from countries like China.

2020-2022

Growing demand for sustainable sourcing

Importers are prioritizing suppliers with environmentally friendly practices, influencing trade patterns.

2022

Recent Developments

USMCA Implementation Updates

Revised rules of origin and tariff rate quotas under USMCA have been fully implemented, affecting goods under Additional U.S. Note 5 provisions.

January 2023

Strengthened trade with North American partners while increasing compliance costs for non-regional suppliers.

New Quota Adjustments

U.S. announced adjustments to import quotas for specific categories under Note 5 to address domestic supply shortages.

March 2023

Temporary increase in import volumes from select countries, boosting trade by 8% in affected categories.

Trade Dispute Resolution

Resolution of a trade dispute with the EU regarding tariff applications under this chapter has led to reduced retaliatory tariffs.

June 2023

Expected to increase EU exports to the U.S. by 5% in this category over the next year.