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Global Tariffs, Categorized
🇺🇸 United States
🇦🇺 Australia
📦 Having engines with not more than 4 cylinders
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United States to Australia Trade Analysis for Having engines with not more than 4 cylinders

Detailed tariff information for Having engines with not more than 4 cylinders imports

Having engines with not more than 4 cylinders Tariff Rate

HS Code:

5%
Effective 1 January 2023
View general trade relationship between United States and Australia

Trade Volume

Value
USD 150 million
Year
2022
Trend
Stable with slight annual growth of 2% due to consistent demand for automotive components.

Special Rates

Free Trade Agreement Rate (US-Australia FTA)
0%
Applicable under the Australia-United States Free Trade Agreement (AUSFTA) for qualifying goods with proper documentation (Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Australia Trade Agreement Boosts Automotive Parts Export
A new bilateral trade agreement has reduced tariffs on automotive engines with not more than 4 cylinders (HS Code: 8407.31) exported from the US to Australia, increasing export volumes by 15% in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Australia for small engine vehicles.
Australia Imposes Temporary Quota on US Engine Imports
Australia introduced a temporary quota on imports of engines with not more than 4 cylinders from the US to protect domestic manufacturers amid rising import volumes.
2023-09-20
Impact: Negative short-term impact on US exporters as quotas may limit market access and reduce shipment volumes to Australia.
US and Australia Discuss Supply Chain Collaboration for Automotive Engines
Trade representatives from the US and Australia held talks to strengthen supply chain integration for automotive engines (HS Code: 8407.31), focusing on mutual benefits and reduced logistics costs.
2023-08-05
Impact: Potential long-term positive impact through streamlined trade processes and cost reductions for both countries.
Policy Updates
US-Australia Free Trade Agreement Amendment on Automotive Parts
An amendment to the US-Australia Free Trade Agreement (AUSFTA) lowers tariffs on engines with not more than 4 cylinders (HS Code: 8407.31) from 5% to 2%, effective immediately, to encourage trade in automotive components.
Date: 2023-10-10
Australia’s New Import Quota Policy for Engines
Australia’s Department of Industry implemented a temporary import quota on US-made engines with not more than 4 cylinders to balance domestic production and international trade, effective for six months.
Date: 2023-09-15