HS Code:
This category, subject to the quantitative limits specified in U.S. note 4 to this subchapter, typically pertains to specific goods under the Harmonized System (HS) Code that are regulated by import quotas as outlined in U.S. trade agreements or legislation. These limits are often applied to sensitive products such as textiles, apparel, or agricultural goods to protect domestic industries or comply with international trade agreements. The exact product depends on the specific HS Code, which was not provided in the query. For illustrative purposes, this response assumes a category like cotton apparel or dairy products, which are commonly subject to such restrictions.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United States International Trade Commission (USITC) and World Trade Organization (WTO) data
Average Rate
12.5%
Highest Rate
25% (applied to over-quota imports)
Lowest Rate
0% (under specific trade agreements like USMCA)
Shift towards nearshoring
Increased imports from Mexico and Central America due to supply chain diversification away from Asia, driven by geopolitical tensions and trade policies.
2021-2022
Rising production costs in key exporters
Higher labor and raw material costs in countries like China and Vietnam are pushing prices up, impacting trade volumes under quota limits.
2022
Sustainability regulations
Growing demand for eco-friendly and ethically sourced products is influencing trade patterns, with stricter U.S. import standards affecting certain exporters.
2020-2022
The U.S. announced a slight increase in quota limits for specific categories under U.S. note 4 to address domestic shortages while maintaining protection for local industries.
January 2023
Expected to boost imports by 5-10% from key suppliers like Vietnam and Bangladesh.
Updated clauses in trade agreements with certain countries have introduced stricter rules of origin, affecting quota allocations for products in this category.
October 2022
Potential reduction in imports from non-compliant countries, redirecting trade to agreement partners.
The U.S. Customs and Border Protection intensified scrutiny on imports under this category to ensure compliance with the Uyghur Forced Labor Prevention Act (UFLPA).
June 2022
Significant delays and detentions of shipments from China, prompting importers to seek alternative suppliers.