US-Finland Trade Agreement Boosts Heavy Vehicle Exports
A new bilateral trade agreement between the United States and Finland has reduced tariffs on heavy vehicles with a G.V.W. exceeding 12 metric tons but not exceeding 15 metric tons (HS Code: 8704.23). This has led to a 15% increase in exports from the US to Finland in this category.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Finland for heavy vehicles in this weight range.
Finland Increases Demand for US-Made Heavy Trucks
Finland's infrastructure projects have driven a surge in demand for US-manufactured heavy trucks (G.V.W. 12-15 metric tons, HS Code: 8704.23), with imports rising by 10% in the last quarter.
2023-09-20
Impact: Increased demand strengthens trade ties, benefiting US manufacturers with higher sales volumes to Finland.
Supply Chain Delays Affect US-Finland Heavy Vehicle Trade
Global supply chain disruptions have delayed shipments of heavy vehicles (G.V.W. 12-15 metric tons, HS Code: 8704.23) from the US to Finland, causing a temporary 5% drop in trade volume.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential for backlog and increased costs for both US exporters and Finnish importers.
