Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for certain qualifying goods from the United States; requires proof of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for HS Code Items <360 mm Between US and Bermuda
Recent trade data indicates minimal activity in the category of items with an inside diameter of less than 360 mm (specific HS Code not specified) between the United States and Bermuda. Trade volumes remain low due to limited industrial demand in Bermuda.
October 2023
Impact: Negligible impact on overall trade relations; specific tariff or trade policies for this category remain unchanged.
US Export Restrictions Review Affects Niche Categories
A review of US export controls on specialized industrial goods, including items under certain HS Codes with an inside diameter of less than 360 mm, has been initiated. Bermuda, as a small trading partner, may face delays in shipments pending policy clarity.
September 2023
Impact: Potential minor delays in trade processing, though Bermuda's small market size limits broader economic effects.
Bermuda's Import Data Shows Decline in US Industrial Goods
Bermuda's import statistics for industrial goods, including items with an inside diameter of less than 360 mm from the US, show a decline attributed to reduced construction and manufacturing activity on the island.
August 2023
Impact: Reduced demand may lead to lower US exports in this category, though the overall trade value remains marginal.
Policy Updates
No Specific Tariff Changes for HS Code <360 mm Category
There are no recent updates or changes in tariffs or trade policies specifically targeting items with an inside diameter of less than 360 mm (HS Code not specified) between the United States and Bermuda. Standard trade agreements and duties continue to apply.
