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Global Tariffs, Categorized

🇺🇸 United States
🇨🇦 Canada
📦 Machinery for the manufacture or finishing of felt or nonwovens in the piece or in shapes, including machinery for making felt hats; blocks for making hats; parts thereof
🇺🇸 🇨🇦

United States to Canada Trade Analysis for Machinery for the manufacture or finishing of felt or nonwovens in the piece or in shapes, including machinery for making felt hats; blocks for making hats; parts thereof

Detailed tariff information for Machinery for the manufacture or finishing of felt or nonwovens in the piece or in shapes, including machinery for making felt hats; blocks for making hats; parts thereof imports

Machinery for the manufacture or finishing of felt or nonwovens in the piece or in shapes, including machinery for making felt hats; blocks for making hats; parts thereof Tariff Rate

HS Code:

Free
Effective January 1, 2023

Trade Volume

Value
Approximately CAD 10 million
Year
2022
Trend
Stable with slight annual growth of 2-3% due to demand in textile manufacturing.

Special Rates

United States-Mexico-Canada Agreement (USMCA)
Free
Applicable to goods originating from the United States under USMCA rules of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Increase in US Exports of Felt Machinery to Canada
Recent trade data indicates a 12% rise in US exports of machinery for felt and nonwovens (HS Code 8449) to Canada in Q3 2023, driven by demand in Canadian textile industries.
2023-10-15
Impact: This surge strengthens US-Canada trade ties under the USMCA agreement, potentially increasing bilateral trade revenue in the machinery sector.
Canadian Textile Sector Invests in US Machinery
Canadian manufacturers have ramped up imports of US-made machinery for felt hat production to modernize facilities, with a reported $5 million in contracts signed this quarter.
2023-09-20
Impact: This trend supports US machinery manufacturers and may lead to long-term supply agreements, boosting trade stability between the two nations.
Supply Chain Delays Impact Felt Machinery Trade
Logistics disruptions at the US-Canada border have delayed shipments of machinery for nonwovens and felt production, causing a temporary dip in trade volume for HS Code 8449 goods.
2023-08-05
Impact: Delays could increase costs for Canadian buyers and strain short-term trade relations, though recovery is expected with improved border operations.
Policy Updates
USMCA Review on Machinery Tariffs
Under the USMCA framework, discussions are underway to reassess tariffs on industrial machinery, including HS Code 8449 products, to facilitate smoother trade between the US and Canada.
Date: 2023-07-30