U.S. Imposes New Sanctions on Belarus Affecting Watch Components Trade
The United States has introduced new sanctions on Belarus due to geopolitical tensions, impacting the trade of watch movements with over 7 but not over 17 jewels (HS Code: 9108.11.40). These sanctions restrict imports from Belarusian manufacturers.
2023-10-15
Impact: Significant reduction in imports of watch movements from Belarus to the U.S., potentially increasing costs for U.S. watchmakers reliant on these components.
Belarus Responds to U.S. Trade Restrictions with Export Limits
In retaliation to U.S. sanctions, Belarus has imposed export controls on specific goods, including watch movements under HS Code 9108.11.40, limiting shipments to the United States.
2023-09-20
Impact: Further strains U.S.-Belarus trade relations, likely leading to supply shortages for specific watch components in the U.S. market.
U.S. Watch Industry Seeks Alternative Suppliers Amid Belarus Trade Issues
Due to ongoing trade disruptions with Belarus, U.S. watch manufacturers are exploring alternative suppliers for movements with over 7 but not over 17 jewels, focusing on Asian and European markets.
2023-08-05
Impact: Potential diversification of supply chains for U.S. companies, reducing dependency on Belarus but possibly increasing costs in the short term.
