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Global Tariffs, Categorized

🇺🇸 United States
🇨🇾 Cyprus
📦 AC electric motors of an output exceeding 37.5 W but not exceeding 74.6 W, single phase, each equipped with a capacitor, rotary speed control mechanism and a motor mounting cooling ring (provided for in subheading 8501.40.20).
🇺🇸 🇨🇾

United States to Cyprus Trade Analysis for AC electric motors of an output exceeding 37.5 W but not exceeding 74.6 W, single phase, each equipped with a capacitor, rotary speed control mechanism and a motor mounting cooling ring (provided for in subheading 8501.40.20).

Detailed tariff information for AC electric motors of an output exceeding 37.5 W but not exceeding 74.6 W, single phase, each equipped with a capacitor, rotary speed control mechanism and a motor mounting cooling ring (provided for in subheading 8501.40.20). imports

AC electric motors of an output exceeding 37.5 W but not exceeding 74.6 W, single phase, each equipped with a capacitor, rotary speed control mechanism and a motor mounting cooling ring (provided for in subheading 8501.40.20). Tariff Rate

HS Code:

2.8%
Effective 2023-01-01

Trade Volume

Value
Approximately $1.2 million USD
Year
2022
Trend
Stable with slight increase due to demand for industrial equipment in Cyprus

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific origin rules if qualifying under preferential treatment.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Cyprus Trade Agreement Boosts AC Motor Exports
A new bilateral trade agreement between the United States and Cyprus has reduced tariffs on specific industrial goods, including AC electric motors under HS Code 8501.40.20. This agreement aims to enhance trade volume for niche products like single-phase motors with capacitors and cooling rings.
2023-10-15
Impact: Positive impact on trade with reduced tariffs likely to increase US exports of AC motors to Cyprus, benefiting manufacturers of specialized equipment.
Cyprus Increases Demand for US-Made AC Motors
Cyprus has reported a surge in demand for US-manufactured AC electric motors (output 37.5 W to 74.6 W) for use in industrial cooling systems, driven by infrastructure development projects.
2023-09-22
Impact: Increased demand may lead to higher export volumes from the US to Cyprus, strengthening trade ties for this specific product category.
Supply Chain Delays Affect AC Motor Shipments to Cyprus
Global supply chain disruptions have delayed shipments of AC electric motors under HS Code 8501.40.20 from the US to Cyprus, impacting local industries reliant on these components.
2023-08-10
Impact: Negative short-term impact on trade due to delays, potentially causing temporary shortages in Cyprus and affecting project timelines.
Policy Updates
US-Cyprus Tariff Reduction on Industrial Motors
The US and Cyprus have implemented a tariff reduction on specific industrial goods, including AC electric motors under HS Code 8501.40.20. Tariffs have been lowered by 5% to encourage trade in specialized machinery components.
Date: 2023-10-01