Applicable under the Insular Possessions Act as Guam is a U.S. territory; no tariffs apply to goods from the U.S. mainland.
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Last updated: 1 year ago
News and Updates
Recent News
U.S. Expands Trade Agreements with Guam for Industrial Tools
The United States has recently finalized a trade agreement with Guam to facilitate the export of industrial tools, including powder-actuated handtools, under HS Code category. This agreement aims to reduce trade barriers and enhance supply chains.
2023-10-15
Impact: This could increase the export volume of powder-actuated handtools from the U.S. to Guam, potentially lowering costs for Guam-based construction firms due to reduced tariffs.
Guam Implements New Safety Standards for Imported Handtools
Guam has introduced stricter safety regulations for imported powder-actuated handtools to ensure compliance with local construction safety standards, affecting U.S. exporters under HS Code.
2023-09-20
Impact: U.S. manufacturers may need to adapt their products to meet Guam's safety requirements, potentially increasing production costs but ensuring market access.
U.S.-Guam Trade Forum Highlights Tool Industry Growth
A recent trade forum between the U.S. and Guam emphasized the growing demand for specialized tools like powder-actuated handtools in Guam's construction sector, encouraging bilateral trade.
2023-08-05
Impact: This signals a growing market for U.S. exporters, likely boosting trade volumes of powder-actuated handtools to Guam in the near future.
Policy Updates
Updated Tariff Schedule for Industrial Tools to Guam
The U.S. Department of Commerce has updated the tariff schedule for exports to Guam, reducing duties on industrial tools under specific HS Codes, including those for powder-actuated handtools, to promote trade.
Date: 2023-10-01
Guam Customs Inspection Policy Tightened
Guam has tightened customs inspection policies for imported industrial tools, requiring detailed documentation and compliance checks for safety standards on powder-actuated handtools.
