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Effective with respect to entries on or after September 27, 2024, articles the product of China, as provided for in subdivision (c) of U.S. note 31 to this subchapter
United States to Hungary Trade Analysis
for Effective with respect to entries on or after September 27, 2024, articles the product of China, as provided for in subdivision (c) of U.S. note 31 to this subchapter
Detailed tariff information for Effective with respect to entries on or after September 27, 2024, articles the product of China, as provided for in subdivision (c) of U.S. note 31 to this subchapter imports
Effective with respect to entries on or after September 27, 2024, articles the product of China, as provided for in subdivision (c) of U.S. note 31 to this subchapter Tariff Rate
Not specific to HS code; U.S.-Hungary total trade approx. $7.5 billion
Year
2023
Trend
Stable with slight growth in machinery and pharmaceutical sectors
Special Rates
Section 301 Tariff
Additional 25%
Applicable to specific goods from China under HS codes listed in U.S. Note 31(c) as part of trade remedies for unfair trade practices.
Additional Information
No additional information available.
Last updated: 8 months ago
News and Updates
Recent News
U.S. Implements New Tariffs on Chinese Goods Effective September 27, 2024
The United States has introduced new tariffs on specific articles from China under HS Code provisions as outlined in U.S. note 31(c), effective for entries on or after September 27, 2024. This measure targets a range of products but does not directly involve Hungary.
September 28, 2024
Impact: While this policy primarily affects U.S.-China trade, Hungarian companies involved in supply chains with U.S. or Chinese partners may face indirect cost increases or supply disruptions.
Hungary Responds to Global Trade Shifts Amid U.S.-China Tariff Changes
Hungary, as an EU member, is monitoring the recent U.S. tariffs on Chinese goods effective September 27, 2024. The Hungarian Ministry of Foreign Affairs and Trade is assessing potential impacts on Hungarian exports to the U.S. and trade relations.
October 1, 2024
Impact: Hungarian exporters to the U.S. may encounter tightened market conditions or opportunities to fill gaps left by Chinese products under new tariffs.
During a recent bilateral trade meeting, U.S. and Hungarian officials discussed the broader implications of the September 27, 2024, tariffs on Chinese goods. Hungary emphasized maintaining stable trade flows with the U.S. despite global tariff tensions.
October 5, 2024
Impact: This dialogue aims to safeguard U.S.-Hungary trade relations, potentially mitigating any negative spillover effects from U.S.-China tariff policies.
Policy Updates
U.S. Tariff Implementation on Chinese Products (Effective September 27, 2024)
Effective with respect to entries on or after September 27, 2024, the U.S. has imposed tariffs on articles from China as provided for in subdivision (c) of U.S. note 31 to the relevant subchapter (HS Code). This policy does not directly involve Hungary but may influence global trade dynamics affecting Hungarian markets.
