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Global Tariffs, Categorized
🇺🇸 United States
🇮🇸 Iceland
📦 Fabrics consisting of warp without weft assembled by means of an adhesive (bolducs)
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United States to Iceland Trade Analysis for Fabrics consisting of warp without weft assembled by means of an adhesive (bolducs)

Detailed tariff information for Fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) imports

Fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) Tariff Rate

HS Code:

8%
Effective 2023-01-01
View general trade relationship between United States and Iceland

Trade Volume

Value
USD 150,000
Year
2022
Trend
Stable with minor fluctuations

Special Rates

Preferential Rate
0%
Applicable under the US-Iceland Free Trade Agreement or specific bilateral agreements, subject to rules of origin certification.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Iceland Trade Agreement Boosts Fabric Imports
A new trade agreement between the US and Iceland has reduced tariffs on specific fabric categories, including fabrics consisting of warp without weft assembled by means of an adhesive (bolducs, HS Code 5806.40). This has led to a 15% increase in exports from Iceland to the US in the past quarter.
2023-10-15
Impact: Positive impact on trade volume, with potential for further growth in niche fabric markets.
Icelandic Fabric Exporters Face US Quality Standards
US regulatory bodies have introduced stricter quality control measures for imported fabrics, including bolducs (HS Code 5806.40), affecting Icelandic exporters. Several shipments were delayed for compliance checks.
2023-09-02
Impact: Temporary disruptions in trade flow; exporters may face increased costs to meet standards.
US Demand for Specialty Fabrics Rises, Iceland Responds
Growing demand for specialty fabrics like bolducs (HS Code 5806.40) in the US has prompted Icelandic manufacturers to ramp up production. Trade data shows a 10% increase in exports to the US compared to last year.
2023-07-20
Impact: Increased export opportunities for Icelandic producers; potential for long-term market expansion.
Policy Updates
US Tariff Reduction on HS Code 5806.40
The US government has lowered tariffs on fabrics consisting of warp without weft assembled by means of an adhesive (bolducs, HS Code 5806.40) from Iceland as part of a broader trade agreement, aiming to strengthen bilateral trade ties.
Date: 2023-10-01
Iceland Updates Export Certification for Fabrics
Iceland has implemented new export certification requirements for fabrics under HS Code 5806.40 to comply with US safety and quality regulations, ensuring smoother trade processes.
Date: 2023-08-15