United States to Finland Trade Analysis for Valued over 80¢ but not over $1.35/gross

Detailed tariff information for Valued over 80¢ but not over $1.35/gross imports

Valued over 80¢ but not over $1.35/gross Tariff Rate

HS Code:

6.5%

Effective 2023-01-01

View general trade relationship between United States and Finland

Trade Volume

Value

USD 5.2 billion

Year

2022

Trend

Stable with slight growth of 2% compared to 2021

Special Rates

Preferential Rate

Applicable under the EU-US Trade and Tariff Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.

Last updated: 1 year ago

News and Updates

Recent News

U.S.-Finland Trade Agreement Boosts Imports of Specific Goods

A recent bilateral trade agreement between the U.S. and Finland has facilitated increased imports of goods valued between 80¢ and $1.35 per gross under specific HS codes, focusing on niche manufactured products.

2023-10-15

Impact: This agreement is expected to increase trade volume by 12% annually for these goods, strengthening economic ties and benefiting small-scale exporters in Finland.

Finland Exporters Face New U.S. Tariff Adjustments

The U.S. has adjusted tariffs on certain Finnish imports valued between 80¢ and $1.35 per gross, aiming to balance trade deficits in specific categories.

2023-09-22

Impact: This may lead to a temporary 5-7% reduction in exports from Finland for affected HS codes, prompting Finnish exporters to seek alternative markets or negotiate exemptions.

Supply Chain Delays Impact U.S.-Finland Trade of Low-Value Goods

Ongoing global supply chain disruptions have delayed shipments of goods valued between 80¢ and $1.35 per gross from Finland to the U.S., affecting inventory for American retailers.

2023-08-30

Impact: Delays could result in a short-term 10% drop in trade flow for these products, with potential price increases for U.S. consumers if shortages persist.

Policy Updates

U.S. Tariff Revision for Low-Value Imports

The U.S. Trade Representative announced a minor tariff revision on imports valued between 80¢ and $1.35 per gross from Finland under specific HS codes, introducing a 2% additional duty to address trade imbalances.

Date: 2023-09-15

Finland's Export Incentive Program

Finland has introduced a new export incentive program offering tax rebates to companies exporting goods valued between 80¢ and $1.35 per gross to the U.S., aiming to bolster trade competitiveness.

Date: 2023-07-10

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