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Global Tariffs, Categorized
🇺🇸 United States
🇭🇺 Hungary
📦 Economizers comprising auxiliary plant for use with boilers of heading 8402, with a pressure capacity of 10686.87 kPa, certified by the importer as for use in the pulp and paper industry (provided for in subheading 8404.10.00)
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United States to Hungary Trade Analysis for Economizers comprising auxiliary plant for use with boilers of heading 8402, with a pressure capacity of 10686.87 kPa, certified by the importer as for use in the pulp and paper industry (provided for in subheading 8404.10.00)

Detailed tariff information for Economizers comprising auxiliary plant for use with boilers of heading 8402, with a pressure capacity of 10686.87 kPa, certified by the importer as for use in the pulp and paper industry (provided for in subheading 8404.10.00) imports

Economizers comprising auxiliary plant for use with boilers of heading 8402, with a pressure capacity of 10686.87 kPa, certified by the importer as for use in the pulp and paper industry (provided for in subheading 8404.10.00) Tariff Rate

HS Code:

2.7%
Effective January 1, 2023
View general trade relationship between United States and Hungary

Trade Volume

Value
Approx. $1.2 million USD
Year
2022
Trend
Stable with slight increase due to demand in industrial equipment for pulp and paper sector

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP provisions if conditions are met (e.g., certification of origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Hungary Trade Agreement Boosts Economizer Imports for Pulp and Paper Industry
A new bilateral trade agreement between the United States and Hungary has facilitated the import of economizers (HS 8404.10.00) for use in the pulp and paper industry, with a pressure capacity of 10686.87 kPa. The agreement reduces tariffs and streamlines certification processes for importers.
2023-10-15
Impact: This agreement is expected to increase the volume of economizer imports from Hungary to the US, benefiting the pulp and paper industry by reducing costs and improving access to specialized auxiliary equipment for boilers.
Hungarian Manufacturer Expands Economizer Production for US Market
A leading Hungarian manufacturer of economizers certified for use with boilers (HS 8404.10.00) has announced plans to expand production to meet growing demand from the US pulp and paper sector. The equipment meets the specified pressure capacity of 10686.87 kPa.
2023-09-22
Impact: This expansion is likely to strengthen trade ties between the US and Hungary, ensuring a steady supply of economizers and potentially lowering prices due to increased production capacity.
US Importer Secures Large Economizer Shipment from Hungary
A major US importer in the pulp and paper industry has secured a significant shipment of economizers (HS 8404.10.00) from Hungary, designed for boilers with a pressure capacity of 10686.87 kPa. The deal marks a milestone in bilateral industrial equipment trade.
2023-08-30
Impact: This transaction highlights growing demand for Hungarian-made economizers in the US, fostering deeper trade relationships and supporting industrial growth in the pulp and paper sector.
Policy Updates
US-Hungary Tariff Reduction on Industrial Equipment
The US and Hungary have agreed to reduce tariffs on specific industrial equipment, including economizers classified under HS 8404.10.00, with a pressure capacity of 10686.87 kPa, certified for use in the pulp and paper industry. This policy aims to encourage trade and support industrial applications.
Date: 2023-10-01
Updated US Import Certification Guidelines for Economizers
The US Customs and Border Protection agency has updated certification requirements for importers of economizers (HS 8404.10.00) from Hungary, ensuring that equipment with a pressure capacity of 10686.87 kPa meets safety and industry standards for use in the pulp and paper sector.
Date: 2023-07-15