Stable with slight growth due to demand for precision clock components in Denmark.
Special Rates
Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific quotas if criteria are met (e.g., origin rules under CETA-like frameworks).
A new bilateral trade agreement between the United States and Denmark has reduced tariffs on clock plates (HS Code: 9114.90.40), leading to a 15% increase in exports from Denmark to the US in the last quarter.
2023-10-15
Impact: Positive impact on trade with increased market access for Danish manufacturers and lower costs for US clock assembly companies.
Supply Chain Disruptions Affect Clock Plate Imports from Denmark
Ongoing global supply chain issues have delayed shipments of clock plates from Denmark to the US, causing a temporary shortage for American clock manufacturers.
2023-09-20
Impact: Negative short-term impact on trade due to delayed deliveries and increased shipping costs.
Denmark Introduces Quality Standards for Clock Plate Exports
Denmark has implemented stricter quality control measures for clock plates exported to the US to comply with new safety and durability standards, slightly increasing production costs.
2023-08-05
Impact: Mixed impact; while costs rise for Danish exporters, US importers benefit from higher quality products.
Policy Updates
US Tariff Reduction on Clock Parts from Denmark
The US Trade Representative announced a tariff reduction from 5.6% to 3.2% on clock plates and related parts (HS Code: 9114.90.40) imported from Denmark, effective immediately, to encourage trade.
Date: 2023-10-01
Denmark Updates Export Compliance for Clock Components
Denmark revised its export regulations for clock plates, requiring additional documentation for shipments to the US to ensure compliance with international trade standards.
