HS Code:
Slip joint pliers, classified under HS Code 8203.20, are a type of adjustable hand tool used for gripping, twisting, and cutting. They feature an adjustable pivot point that allows the jaws to open to different widths, making them versatile for various tasks in construction, automotive repair, and general maintenance. This product category is a subset of hand tools and is widely traded globally due to its essential utility across industries.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing countries to protect local manufacturing)
Lowest Rate
0% (under free trade agreements such as USMCA and EU Single Market)
Rising demand for ergonomic designs
Manufacturers are focusing on user-friendly designs to reduce hand fatigue, driving innovation and increasing market share for premium products.
2021-2022
Shift towards sustainable materials
Increased use of recycled metals and eco-friendly packaging to meet environmental regulations and consumer preferences.
2020-2022
Growth in DIY and home improvement markets
Surge in demand for affordable slip joint pliers due to increased home renovation projects, especially post-pandemic.
2020-2022
The United States imposed an additional 7.5% tariff on Chinese hand tools, including slip joint pliers, as part of ongoing trade tensions.
January 2023
Increased costs for US importers, potential shift to alternative suppliers in Taiwan and India.
The European Union introduced stricter environmental standards for hand tool manufacturing, focusing on reducing carbon footprint.
March 2023
Manufacturers are investing in sustainable production, which may raise prices but improve long-term market access in the EU.
The Regional Comprehensive Economic Partnership (RCEP) reduced tariffs on hand tools among member countries, boosting trade in the region.
January 2022
Enhanced market access for Chinese and Taiwanese exporters, increasing competition in the Asia-Pacific region.