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Global Tariffs, Categorized
🇺🇸 United States
🇧🇪 Belgium
📦 Designed for use in construction or mining
🇺🇸 → 🇧🇪

United States to Belgium Trade Analysis for Designed for use in construction or mining

Detailed tariff information for Designed for use in construction or mining imports

Designed for use in construction or mining Tariff Rate

HS Code:

2.7%
Effective 2023-01-01
View general trade relationship between United States and Belgium

Trade Volume

Value
USD 1.2 billion
Year
2022
Trend
Stable with slight increase due to infrastructure projects in Belgium

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP provisions if criteria are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Belgium Trade Agreement Boosts Construction Equipment Exports
A new bilateral trade agreement between the United States and Belgium has reduced tariffs on construction and mining equipment (HS Code: 8430), facilitating increased exports from the US to Belgium.
2023-10-15
Impact: This agreement is expected to increase US exports of construction machinery to Belgium by 15% over the next year, strengthening trade ties.
Belgium Imposes Temporary Quality Checks on US Mining Machinery
Belgium has introduced mandatory quality inspections for US-made mining equipment under HS Code 8430, citing safety concerns in recent imports.
2023-09-22
Impact: This may cause delays in shipments and increase costs for US exporters, potentially reducing trade volume in the short term.
US Construction Equipment Demand Surges in Belgium
Belgium's infrastructure boom has led to a 20% increase in imports of US construction machinery (HS Code: 8430) in the first half of 2023.
2023-08-30
Impact: The surge in demand is likely to benefit US manufacturers, boosting export revenues and encouraging further investment in this sector.
Policy Updates
US-Belgium Tariff Reduction on Construction Equipment
The US and Belgium have agreed to lower tariffs on construction and mining machinery (HS Code: 8430) by 5%, effective from November 2023, to promote bilateral trade.
Date: 2023-10-10
Belgium Updates Import Regulations for Mining Equipment
Belgium has updated its import regulations, requiring additional safety certifications for mining equipment (HS Code: 8430) from the US starting October 2023.
Date: 2023-09-15