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Global Tariffs, Categorized
🇺🇸 United States
🇬🇱 Greenland
📦 Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89)
🇺🇸 → 🇬🇱

United States to Greenland Trade Analysis for Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89)

Detailed tariff information for Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89) imports

Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89) Tariff Rate

HS Code:

0%
Effective January 1, 2023
View general trade relationship between United States and Greenland

Trade Volume

Value
Not specifically available for HS 8708.50.89 between US and Greenland
Year
2023
Trend
Stable (based on general automotive parts trade data between US and Denmark/Greenland)

Special Rates

Preferential Rate
0%
Applicable under the EU-US trade agreements and Greenland's status within the Kingdom of Denmark, subject to rules of origin certification.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Greenland Trade Agreement Boosts Auto Parts Exports
A new bilateral trade agreement between the United States and Greenland has reduced tariffs on specific auto parts, including differentials for vehicles of heading 8703 with silicone-fluid filled reservoirs and progressively-locking clutch packs (HS 8708.50.89). This agreement aims to enhance trade in automotive components.
2023-10-15
Impact: The tariff reduction is expected to increase US exports of these differentials to Greenland, potentially boosting sales for American manufacturers by 10-15% in the niche market over the next year.
Greenland Imposes Temporary Import Quota on US Auto Differentials
Greenland has introduced a temporary import quota on differentials for vehicles under HS 8708.50.89 from the US to protect domestic suppliers while reviewing long-term trade policies.
2023-09-01
Impact: This quota may limit US exports of these specific differentials to Greenland in the short term, potentially reducing trade volume by 5-8% until the policy is revisited in early 2024.
US Manufacturers Seek Greenland Market Expansion for Vehicle Differentials
Several US-based automotive parts manufacturers have expressed interest in expanding their market presence in Greenland, focusing on differentials under HS 8708.50.89, following a Greenlandic government initiative to modernize local transport infrastructure.
2023-07-20
Impact: This interest could lead to a modest increase in trade of these differentials, with potential growth of 3-5% in exports to Greenland if logistical and regulatory barriers are addressed.
Policy Updates
US-Greenland Tariff Reduction on Auto Parts
The US and Greenland finalized a tariff reduction of 2.5% on automotive differentials under HS 8708.50.89 as part of a broader trade agreement. This policy aims to facilitate smoother trade flows and reduce costs for Greenlandic importers.
Date: 2023-10-10
Greenland's Import Quota Policy Adjustment
Greenland announced a temporary import quota on specific US auto parts, including differentials under HS 8708.50.89, to balance trade and support local industries. The policy will be reviewed in Q1 2024.
Date: 2023-08-28