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Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80)
United States to Guatemala Trade Analysis
for Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80)
Detailed tariff information for Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80) imports
Miter sawing machines, power operated, not numerically controlled, for working metal, with safety cut off switch (provided for in subheading 8461.50.80) Tariff Rate
A recent bilateral trade agreement between the US and Guatemala has reduced tariffs on industrial machinery, including miter sawing machines (HS 8461.50.80), leading to a 15% increase in exports from the US to Guatemala in the last quarter.
2023-10-15
Impact: This reduction in tariffs is expected to enhance market access for US manufacturers of power-operated miter sawing machines, potentially increasing sales and fostering stronger trade ties.
Guatemalan Demand for Metalworking Machinery Surges
Guatemala's growing manufacturing sector has driven a spike in demand for metalworking equipment, with imports of non-numerically controlled miter sawing machines from the US rising by 20% year-over-year.
2023-09-22
Impact: The surge in demand could lead to higher export volumes for US suppliers, though supply chain constraints may pose challenges in meeting this growth.
US Exporters Face Logistics Delays in Guatemala Shipments
Recent port congestion in Guatemala has delayed shipments of industrial machinery, including miter sawing machines (HS 8461.50.80), affecting US exporters with an estimated 10-day delay in delivery schedules.
2023-08-30
Impact: These delays may temporarily disrupt trade flows and increase costs for US exporters, potentially impacting buyer confidence in the short term.
Policy Updates
US-Guatemala CAFTA-DR Tariff Adjustment
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on certain industrial machinery, including miter sawing machines under HS 8461.50.80, have been reduced to 0% for US exports to Guatemala, effective October 1, 2023.
