Stable with slight increase of 2% from previous year
Special Rates
USMCA Preferential Rate
Free
Applicable to goods originating from the United States under the United States-Mexico-Canada Agreement (USMCA), provided proper documentation and rules of origin are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
New Tariff Adjustments on Clock Cases Impact US-Canada Trade
The United States has introduced a revised tariff rate on clock cases and similar items under HS Code 9112, affecting imports from Canada. This change aims to balance trade deficits in specific manufacturing sectors.
2023-10-15
Impact: Canadian exporters may face higher costs, potentially reducing the volume of clock case exports to the US, while US manufacturers could see a competitive advantage.
Canada Responds to US Tariff Hike on Clock Cases with Reciprocal Measures
In response to recent US tariff increases on clock cases (HS Code 9112), Canada has imposed retaliatory tariffs on similar US goods, escalating trade tensions between the two nations.
2023-11-02
Impact: This could lead to a decrease in bilateral trade for clock cases and related products, increasing costs for consumers on both sides of the border.
US-Canada Trade Talks Address Clock Case Tariff Disputes
Recent bilateral discussions under the USMCA framework have included negotiations to resolve tariff disputes over clock cases and parts (HS Code 9112), with both countries seeking a mutually beneficial agreement.
2023-11-20
Impact: A potential resolution could stabilize trade flows and reduce costs for manufacturers and consumers in the clock case sector.
Policy Updates
US Increases Import Duties on HS Code 9112 Goods
The US Department of Commerce announced a 5% increase in import duties on clock cases and similar items (HS Code 9112) from Canada, citing the need to protect domestic industries.
Date: 2023-10-10
Canada Introduces Counter-Tariffs on US Clock Case Imports
Canada's Ministry of Finance enacted counter-tariffs on US imports under HS Code 9112, matching the recent US tariff hike as a retaliatory measure to protect Canadian exporters.
