Applicable under the Iceland-United States Trade Agreement for qualifying goods with proper documentation (Certificate of Origin).
Additional Information
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Last updated: 1 year ago
News and Updates
Recent News
US-Iceland Trade Agreement on Steel Tubes with Wall Thickness 6.4-12.7 mm
A new bilateral trade agreement has been signed between the United States and Iceland, easing restrictions on steel tubes under HS Code category with wall thickness between 6.4 mm and 12.7 mm. This aims to boost industrial supply chains.
2023-10-15
Impact: Expected to increase imports of steel tubes from Iceland to the US, benefiting US manufacturing sectors reliant on specific steel dimensions.
US Imposes Temporary Tariff on Icelandic Steel Products
The US Department of Commerce announced a temporary tariff on certain Icelandic steel products, including tubes with wall thickness of 6.4-12.7 mm, citing unfair trade practices.
2023-09-01
Impact: Likely to reduce Icelandic steel tube exports to the US in the short term, potentially increasing costs for US buyers.
Icelandic Steel Exporters Seek US Market Expansion
Icelandic steel manufacturers are lobbying for better access to the US market for products like steel tubes with specific wall thicknesses (6.4-12.7 mm), highlighting their compliance with international standards.
2023-07-20
Impact: Could lead to increased trade volume if negotiations result in reduced barriers or tariffs.
Policy Updates
US Updates Tariff Schedule for Steel Imports from Iceland
The US has revised its tariff schedule, imposing a 5% duty on steel tubes with wall thickness between 6.4 mm and 12.7 mm under specific HS Codes imported from Iceland, effective immediately.
