Declining due to ongoing U.S.-China trade tensions and additional tariffs.
Special Rates
MFN (Most Favored Nation)
0%
Applicable to imports from WTO member countries under normal trade relations.
Section 301 Tariff
Additional 25%
Imposed on certain U.S. goods due to trade disputes; applicable unless exemptions are granted.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Imposes New Tariffs on Chinese Rotary Rock Drill Bits
The US Department of Commerce announced additional tariffs on rotary rock drill bits, core bits, and reamers (HS Code: 8207.19) imported from China, citing unfair trade practices and dumping concerns in the mining equipment sector.
October 15, 2023
Impact: This is likely to increase costs for US importers and may reduce the volume of these products imported from China, while encouraging domestic production or sourcing from other countries.
China Responds with Retaliatory Tariffs on US Mining Tools
In response to US tariffs, China has imposed retaliatory tariffs on US-made mining tools, including rotary drill bits and reamers, escalating trade tensions between the two nations.
October 20, 2023
Impact: This could decrease US exports of these products to China, affecting American manufacturers and potentially shifting Chinese demand to other global suppliers.
Trade Negotiations Stalled Over Mining Equipment Tariffs
Recent trade talks between the US and China have failed to resolve disputes over tariffs on rotary rock drill bits and related tools, with both sides maintaining their respective trade barriers.
November 5, 2023
Impact: Ongoing uncertainty may disrupt supply chains for these products, prompting companies to seek alternative markets or suppliers to mitigate risks.
Policy Updates
US Tariff Increase on HS Code 8207.19 Products
The US Trade Representative's office confirmed a tariff hike from 25% to 35% on specific Chinese-made mining tools, including rotary rock drill bits, core bits, and reamers, under Section 301 of the Trade Act of 1974, effective immediately.
Date: October 10, 2023
China’s Counter-Tariff Policy on US Mining Equipment
China’s Ministry of Commerce introduced a 30% tariff on US-manufactured rotary drill bits and reamers under HS Code 8207.19 as a countermeasure to US trade policies, aiming to protect domestic industries.
