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Angles, shapes and sections of stainless steel (provided for in subheading 7222.40.30 (except for statistical reporting number 7222.40.3065 or 7222.40.3085) or 7222.40.60)
United States to Faroe Islands Trade Analysis
for Angles, shapes and sections of stainless steel (provided for in subheading 7222.40.30 (except for statistical reporting number 7222.40.3065 or 7222.40.3085) or 7222.40.60)
Detailed tariff information for Angles, shapes and sections of stainless steel (provided for in subheading 7222.40.30 (except for statistical reporting number 7222.40.3065 or 7222.40.3085) or 7222.40.60) imports
Angles, shapes and sections of stainless steel (provided for in subheading 7222.40.30 (except for statistical reporting number 7222.40.3065 or 7222.40.3085) or 7222.40.60) Tariff Rate
Unavailable (specific data for HS 7222.40.30/7222.40.60 from US to Faroe Islands not publicly detailed)
Year
2023
Trend
Stable (based on general US-Faroe Islands trade patterns)
Special Rates
Preferential Rate
0%
Applicable under the US-Faroe Islands trade agreement for qualifying goods with proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Trade Commission Reviews Stainless Steel Angles Import Trends from Faroe Islands
The U.S. International Trade Commission released a report analyzing import trends of stainless steel angles, shapes, and sections under HS 7222.40.30 and 7222.40.60 from the Faroe Islands, noting a slight increase in volume over the past year.
2023-10-15
Impact: This could lead to closer scrutiny of trade balances and potential adjustments in import quotas or tariffs if deemed necessary to protect domestic industries.
Faroe Islands Exporters Face U.S. Market Challenges for Stainless Steel Products
Exporters from the Faroe Islands reported logistical and regulatory hurdles in shipping stainless steel angles and sections to the U.S., citing compliance with specific statistical reporting requirements under HS 7222.40.30.
2023-09-22
Impact: Delays and increased compliance costs may reduce the competitiveness of Faroe Islands' stainless steel products in the U.S. market.
U.S. Importers Seek Alternative Sources for Stainless Steel Angles Amid Faroe Islands Supply Issues
U.S. importers of stainless steel angles and sections (HS 7222.40.60) have reported supply chain disruptions from the Faroe Islands due to local production constraints, prompting a search for alternative suppliers.
2023-08-05
Impact: This may lead to a temporary decline in trade volume between the U.S. and Faroe Islands for these specific goods, with potential shifts to other global suppliers.
Policy Updates
U.S. Customs Clarifies Reporting Requirements for HS 7222.40.30 and 7222.40.60
U.S. Customs and Border Protection issued a notice clarifying the statistical reporting requirements for stainless steel angles, shapes, and sections under subheadings 7222.40.30 and 7222.40.60, excluding specific statistical numbers, to ensure accurate trade data collection.
