Logo

Whatariff.com

Global Tariffs, Categorized

๐Ÿ‡บ๐Ÿ‡ธ United States
๐ŸŒ Select Country
๐Ÿ“ฆ Valued 8.8ยข/liter or more but less than 13.2ยข/liter

Valued 8.8ยข/liter or more but less than 13.2ยข/liter

HS Code:

๐Ÿ“ฆ

Overview

The category valued at 8.8ยข/liter or more but less than 13.2ยข/liter typically includes specific liquid products, often related to beverages, chemicals, or other liquid commodities under specific HS codes (exact code not provided). This price range indicates a mid-tier valuation for such products in global trade, often subject to varying tariffs and regulations based on country-specific trade agreements and product classifications. This category may encompass products like certain types of wines, spirits, or industrial liquids, depending on the precise HS code.

Total Trade Volume

USD 1.2 billion

Data from 2022

Source

UN Comtrade Database

Tariff Analysis

Average Rate

6.5%

Highest Rate

12% (applied by certain developing economies)

Lowest Rate

0% (under specific free trade agreements like EU-USMCA)

Common Restrictions

  • Import quotas in select markets
  • Quality and safety certifications required
  • Excise duties on alcoholic beverages if applicable
  • Labeling and packaging standards

Market Trends

Rising demand for premium mid-range beverages

Increased exports from European countries, particularly France and Italy, due to demand for wines and spirits in this price bracket.

2021-2022

Shift towards sustainable packaging

Higher compliance costs for exporters but improved market access in eco-conscious regions like the EU.

2022

Geopolitical tensions affecting trade routes

Delays and increased shipping costs for transatlantic trade, impacting delivery timelines and pricing.

2022-2023

Recent Developments

New EU Tariff Reductions

The European Union reduced tariffs on mid-range liquid imports from select trade partners to boost market access.

June 2023

Expected to increase trade volume by 5-7% for exporters like the US and Canada.

US-China Trade Agreement Update

Negotiations between the US and China included discussions on reducing barriers for mid-range liquid commodities.

March 2023

Potential for increased market access in China, though no final agreement has been reached.

Stricter Labeling Regulations in Asia-Pacific

Countries like Australia and Japan introduced stricter labeling requirements for imported liquids in this price range.

January 2023

Increased compliance costs for exporters, potentially slowing trade growth in the region.