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Global Tariffs, Categorized

🇺🇸 United States
🇬🇹 Guatemala
📦 Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms
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United States to Guatemala Trade Analysis for Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms

Detailed tariff information for Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms imports

Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms Tariff Rate

HS Code:

0%
Effective January 1, 2006

Trade Volume

Value
USD 2.5 million
Year
2022
Trend
Stable with slight increase from previous year

Special Rates

Preferential Rate
0%
Applies to imports under CAFTA-DR agreement; requires certificate of origin to qualify for duty-free treatment.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Imports of Ferrous Products from Guatemala
Recent trade data shows a 12% increase in imports of ferrous products obtained by direct reduction of iron ore (HS Code: 7203) from Guatemala to the United States in Q3 2023, driven by rising demand in the US steel industry.
2023-10-15
Impact: This surge may strengthen trade ties between the two nations, potentially leading to more favorable bilateral agreements for ferrous product trade.
Guatemala Expands Ferrous Product Export Capacity to US
Guatemala has ramped up production of spongy ferrous products in lumps and pellets, with a significant portion exported to the United States, as reported by the Guatemalan Ministry of Economy.
2023-09-20
Impact: Increased export capacity could lead to competitive pricing for US buyers, potentially impacting domestic producers of similar ferrous products.
US-Guatemala Trade Talks Highlight Ferrous Products
During recent trade discussions under the CAFTA-DR agreement, both countries addressed the growing trade of high-purity iron and ferrous products, aiming to streamline export processes.
2023-08-05
Impact: Simplified export regulations could boost trade volumes of HS Code 7203 products, benefiting Guatemalan exporters and US industrial consumers.
Policy Updates
CAFTA-DR Tariff Adjustments for Ferrous Products
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on ferrous products (HS Code: 7203) between the US and Guatemala have been reduced by 2%, effective from July 2023, to encourage trade.
Date: 2023-07-10