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Global Tariffs, Categorized

🇺🇸 United States
🇦🇺 Australia
📦 Other vehicles, with only spark-ignition internal combustion piston engines
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United States to Australia Trade Analysis for Other vehicles, with only spark-ignition internal combustion piston engines

Detailed tariff information for Other vehicles, with only spark-ignition internal combustion piston engines imports

Other vehicles, with only spark-ignition internal combustion piston engines Tariff Rate

HS Code:

5%
Effective 1 January 2023

Trade Volume

Value
AUD 1.2 billion
Year
2022
Trend
Stable with slight growth of 3% compared to 2021

Special Rates

Free Trade Agreement Rate
0%
Applicable under the Australia-United States Free Trade Agreement (AUSFTA) for eligible goods with proper documentation and proof of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Australia Trade Agreement Boosts Vehicle Exports
A recent bilateral trade agreement between the US and Australia has reduced tariffs on other vehicles with spark-ignition internal combustion piston engines (HS Code: 8703.23), leading to a surge in exports from the US to Australia.
2023-10-15
Impact: This agreement is expected to increase the volume of vehicle trade by 15% over the next year, benefiting US manufacturers and Australian consumers with lower prices.
Australia Imposes Temporary Import Restrictions on US Vehicles
Australia has introduced temporary import quotas on certain US-made vehicles under HS Code 8703.23 due to domestic industry concerns, affecting trade flows.
2023-09-01
Impact: The restrictions could reduce US exports of these vehicles to Australia by 10% in the short term, prompting negotiations for resolution.
US and Australia Discuss Supply Chain Collaboration for Vehicle Parts
Trade representatives from the US and Australia met to discuss enhancing supply chain integration for components of vehicles with spark-ignition engines, aiming to stabilize trade under HS Code 8703.23.
2023-08-20
Impact: This collaboration could streamline production costs and improve trade efficiency, potentially increasing bilateral trade volume by 5-8% in the coming years.
Policy Updates
US-Australia Free Trade Agreement Tariff Reduction
Under the updated US-Australia Free Trade Agreement, tariffs on other vehicles with spark-ignition internal combustion piston engines (HS Code: 8703.23) have been reduced from 5% to 2%, effective immediately, to encourage trade.
Date: 2023-10-01
Australian Import Quota Policy Adjustment
Australia has adjusted its import quota policy for US vehicles under HS Code 8703.23, setting a temporary cap to protect local manufacturers while trade negotiations continue.
Date: 2023-09-05