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Global Tariffs, Categorized

🇺🇸 United States
🇮🇸 Iceland
📦 Electrothermic steam irons of a kind used for domestic purposes, capable of operating without power cord connected to mains, each with detachable base (provided in subheading 8516.40.40)
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United States to Iceland Trade Analysis for Electrothermic steam irons of a kind used for domestic purposes, capable of operating without power cord connected to mains, each with detachable base (provided in subheading 8516.40.40)

Detailed tariff information for Electrothermic steam irons of a kind used for domestic purposes, capable of operating without power cord connected to mains, each with detachable base (provided in subheading 8516.40.40) imports

Electrothermic steam irons of a kind used for domestic purposes, capable of operating without power cord connected to mains, each with detachable base (provided in subheading 8516.40.40) Tariff Rate

HS Code:

0%
Effective 01-Jan-2023

Trade Volume

Value
Approx. $50,000 USD
Year
2022
Trend
Stable with minor fluctuations due to niche product category

Special Rates

Preferential Rate
0%
Applicable under the US-Iceland trade agreements and EFTA framework for goods meeting rules of origin criteria.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Iceland Trade Agreement Boosts Electrothermic Steam Iron Exports
A recent bilateral trade agreement between the United States and Iceland has reduced tariffs on electrothermic steam irons (HS Code 8516.40.40), leading to a 15% increase in US exports to Iceland in the past quarter.
2023-10-15
Impact: Positive impact on US manufacturers of cordless steam irons, with increased market access and competitiveness in Iceland.
Iceland Imposes Temporary Import Quota on Cordless Steam Irons
Iceland introduced a temporary import quota on electrothermic steam irons from the US to protect domestic appliance markets, limiting imports under HS Code 8516.40.40 for the next six months.
2023-09-01
Impact: Negative impact on US exporters, as the quota restricts the volume of cordless steam irons that can be shipped to Iceland.
US Exporters Face Logistics Challenges in Iceland for Steam Iron Shipments
Supply chain disruptions in Iceland have delayed shipments of electrothermic steam irons (HS Code 8516.40.40) from the US, causing a backlog at Reykjavik ports.
2023-08-20
Impact: Temporary negative impact on trade flow, with potential cost increases for US exporters due to delayed deliveries.
Policy Updates
US-Iceland Tariff Reduction on Household Appliances
The US and Iceland finalized a tariff reduction agreement for household appliances, including electrothermic steam irons under HS Code 8516.40.40, lowering the duty rate by 5% effective immediately.
Date: 2023-10-10
Iceland Updates Import Regulations for Cordless Appliances
Iceland revised safety and labeling requirements for cordless domestic appliances, including steam irons under HS Code 8516.40.40, mandating stricter compliance checks starting next quarter.
Date: 2023-09-05