HS Code:
The category 'Provided for in subheadings enumerated in U.S. note 21(s) to this subchapter' typically refers to specific goods or products under the Harmonized System (HS) Code framework as classified by the U.S. International Trade Commission. This category often includes specialized or niche products that are subject to specific tariff treatments or quotas as outlined in U.S. note 21(s). Due to the placeholder nature of the HS Code provided, this overview assumes a general classification that may cover agricultural, industrial, or manufactured goods subject to special provisions. These provisions often aim to regulate imports through quotas, additional duties, or specific trade agreements.
Total Trade Volume
Approximately $15 billion USD
Data from 2022
Source
U.S. International Trade Commission (USITC) and World Trade Organization (WTO) data
$4.5 billion USD
30% of total trade of total trade
Increasing
$3.8 billion USD
25% of total trade of total trade
Stable
$2.3 billion USD
15% of total trade of total trade
Decreasing
$1.5 billion USD
10% of total trade of total trade
Increasing
$1.2 billion USD
8% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
25% (applied to specific subcategories under quota exceedance)
Lowest Rate
0% (under free trade agreements like USMCA)
Shift towards regional trade agreements
Increased trade with USMCA partners (Canada and Mexico) due to tariff reductions and streamlined customs procedures.
2020-2022
Rising production costs in key exporting countries
Higher import prices affecting consumer markets, leading to potential demand shifts to domestic alternatives.
2021-2023
Increased scrutiny on supply chain sustainability
Growing demand for transparency in sourcing and production, influencing trade policies and consumer preferences.
2022-2023
Revised rules of origin and labor provisions under the USMCA have impacted tariff classifications for goods under this subchapter, particularly affecting automotive and agricultural sectors.
January 2023
Strengthened trade with North American partners but increased compliance costs for exporters.
The U.S. announced adjustments to import quotas under U.S. note 21(s), targeting specific agricultural products to protect domestic markets.
March 2023
Reduced import volumes from non-FTA countries, potentially increasing prices domestically.
A recent WTO panel ruling addressed disputes over tariff applications for goods under this subchapter, favoring a more transparent quota allocation process.
July 2023
Potential for revised tariff schedules and improved market access for smaller exporters.