HS Code:
U.S. note 23 to this subchapter generally pertains to specific goods under the Harmonized System (HS) Code framework, often related to agricultural or industrial products with special tariff treatment or quota restrictions as defined by U.S. trade agreements or legislation. Without a specific HS Code provided, this response assumes a generalized category of goods under this note, which could include items like dairy products, sugar, or other commodities subject to tariff-rate quotas (TRQs). These goods are often sensitive to domestic industries and are regulated to balance trade and protect local markets.
Total Trade Volume
Approximately $50 billion USD (aggregated estimate for categories under U.S. note 23)
Data from 2022
Source
U.S. International Trade Commission (USITC) and World Trade Organization (WTO) data
$12 billion USD
24% of total trade of total trade
Increasing
$10 billion USD
20% of total trade of total trade
Stable
$8 billion USD
16% of total trade of total trade
Decreasing
$5 billion USD
10% of total trade of total trade
Increasing
$3 billion USD
6% of total trade of total trade
Stable
Average Rate
15% ad valorem (varies by specific product and country of origin)
Highest Rate
35% ad valorem (often applied to over-quota imports of sensitive goods like dairy)
Lowest Rate
0% (under free trade agreements like USMCA for in-quota volumes)
Increased demand for organic and sustainable products
Shift in consumer preferences driving higher imports of certified goods, influencing quota allocations
2021-2023
Digital trade platforms for agricultural goods
Enhanced transparency in trade flows, enabling smaller exporters to access U.S. markets under TRQ systems
2022
Geopolitical tensions affecting supply chains
Disruptions in traditional trade routes leading to diversification of sourcing countries for goods under this category
2020-2023
Revised tariff-rate quotas for dairy products under the U.S.-Mexico-Canada Agreement to address U.S. exporter concerns over Canadian market access.
January 2023
Increased export opportunities for U.S. dairy producers while maintaining controlled import volumes from Canada.
Ongoing discussions at the WTO regarding U.S. sugar import quotas under note 23, with exporting countries seeking greater market access.
March 2023
Potential revisions to quota limits could affect domestic sugar prices and trade balances.
Expansion of in-quota volumes for certain agricultural goods under U.S. note 23 as part of strengthened trade ties.
July 2022
Boosted imports from Australia, impacting competitive dynamics with other trading partners.