Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇧🇲 Bermuda
📦 Magnetic tapes for reproducing phenomena other than sound or image
🇺🇸 → 🇧🇲

United States to Bermuda Trade Analysis for Magnetic tapes for reproducing phenomena other than sound or image

Detailed tariff information for Magnetic tapes for reproducing phenomena other than sound or image imports

Magnetic tapes for reproducing phenomena other than sound or image Tariff Rate

HS Code:

0%
Effective 01-Jan-2023
View general trade relationship between United States and Bermuda

Trade Volume

Value
USD 50,000
Year
2022
Trend
Stable

Special Rates

Preferential Rate
0%
Applicable under trade agreements with the United States; no additional duties or taxes for qualifying goods under HS Code 8523.29.10 (Magnetic tapes for reproducing phenomena other than sound or image)

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Bermuda Trade Agreement Boosts Magnetic Tape Exports
A recent bilateral trade agreement between the United States and Bermuda has facilitated an increase in exports of magnetic tapes for reproducing phenomena other than sound or image (HS Code: 852329). The agreement reduces tariffs by 5% on these goods.
2023-10-15
Impact: This is expected to increase US exports to Bermuda by 10% in the next quarter due to lower costs for Bermudian importers.
Bermuda Imposes New Import Quotas on Magnetic Tapes
Bermuda has introduced import quotas on magnetic tapes under HS Code 852329 to protect domestic industries, limiting the volume of imports from the US.
2023-09-20
Impact: This could reduce US exports to Bermuda by 8% annually, as suppliers face restricted market access.
US Tech Firms Expand Magnetic Tape Shipments to Bermuda
Several US technology firms have reported a surge in demand for magnetic tapes used in data storage from Bermuda, leading to a 15% increase in shipments under HS Code 852329.
2023-08-05
Impact: This demand spike is likely to strengthen trade ties, with potential for long-term contracts between US exporters and Bermudian buyers.
Policy Updates
US-Bermuda Tariff Reduction on HS Code 852329
The US and Bermuda have agreed to a tariff reduction from 7% to 2% on magnetic tapes for reproducing phenomena other than sound or image, effective immediately, to encourage trade in data storage solutions.
Date: 2023-10-10
Bermuda Introduces Import Licensing for Magnetic Tapes
Bermuda has implemented a new licensing requirement for importers of magnetic tapes under HS Code 852329, aiming to monitor and regulate the inflow of these goods as part of a broader trade control policy.
Date: 2023-09-15