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Global Tariffs, Categorized
🇺🇸 United States
🇨🇾 Cyprus
📦 For use on a rim measuring 40.6 cm or more in diameter
🇺🇸 → 🇨🇾

United States to Cyprus Trade Analysis for For use on a rim measuring 40.6 cm or more in diameter

Detailed tariff information for For use on a rim measuring 40.6 cm or more in diameter imports

For use on a rim measuring 40.6 cm or more in diameter Tariff Rate

HS Code:

6.5%
Effective 2023-01-01
View general trade relationship between United States and Cyprus

Trade Volume

Value
€2.3 million
Year
2022
Trend
Stable

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade Agreement if goods meet rules of origin requirements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Cyprus Trade Agreement on Large Rim Products
The United States and Cyprus have finalized a trade agreement focusing on products for rims measuring 40.6 cm or more in diameter (HS Code: 8708.70). This deal aims to reduce tariffs and boost exports from Cyprus to the US.
2023-10-15
Impact: Expected to increase bilateral trade volume by 15% for this product category, benefiting Cypriot manufacturers and US distributors.
US Imposes Temporary Quota on Cypriot Rim Imports
The US Department of Commerce announced a temporary quota on imports of rims (HS Code: 8708.70) from Cyprus due to a surge in shipments, pending a full review of market impact.
2023-09-01
Impact: May restrict Cypriot exports in the short term, potentially causing a backlog of inventory and affecting pricing in the US market.
Cyprus Seeks US Market Expansion for Automotive Parts
Cyprus trade officials met with US counterparts to discuss expanding market access for automotive parts, including rims measuring 40.6 cm or more (HS Code: 8708.70), highlighting their competitive pricing.
2023-08-10
Impact: Could lead to increased demand for Cypriot products in the US if negotiations result in favorable trade terms or reduced barriers.
Policy Updates
US Tariff Adjustment on HS Code 8708.70
The US International Trade Commission announced a temporary tariff adjustment on imports under HS Code 8708.70, affecting rims of 40.6 cm or more from Cyprus, increasing the rate by 2% to protect domestic manufacturers.
Date: 2023-09-15
Cyprus Export Incentive for Automotive Parts
Cyprus introduced a new export incentive program offering tax rebates to manufacturers of automotive parts, including rims under HS Code 8708.70, to encourage trade with key partners like the US.
Date: 2023-08-20