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Global Tariffs, Categorized

🇺🇸 United States
🇮🇷 Iran, Islamic Republic of
📦 Having a power handling capacity exceeding 2,500 kVA but not exceeding 10,000 kVA
🇺🇸 🇮🇷

United States to Iran, Islamic Republic of Trade Analysis for Having a power handling capacity exceeding 2,500 kVA but not exceeding 10,000 kVA

Detailed tariff information for Having a power handling capacity exceeding 2,500 kVA but not exceeding 10,000 kVA imports

Having a power handling capacity exceeding 2,500 kVA but not exceeding 10,000 kVA Tariff Rate

HS Code:

40%
Effective 2023-01-01

Trade Volume

Value
Negligible (under $100,000 USD)
Year
2022
Trend
Declining due to US sanctions and trade restrictions

Special Rates

Preferential Rate
N/A
No preferential rate applicable due to current US-Iran trade sanctions and lack of trade agreements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Sanctions Impact Trade of Power Transformers with Iran
Recent U.S. sanctions have further restricted trade with Iran, including power transformers under HS Code 8504.23.00 (having a power handling capacity exceeding 2,500 kVA but not exceeding 10,000 kVA). No direct exports or imports have been recorded recently due to these restrictions.
2023-10-15
Impact: Trade remains halted due to sanctions, with no immediate prospects for transactions in this category.
Iran Seeks Alternative Suppliers for Power Equipment Amid U.S. Restrictions
Iran has reportedly turned to non-U.S. markets for power transformers in the 2,500-10,000 kVA range as U.S. trade barriers persist under sanctions imposed by the Office of Foreign Assets Control (OFAC).
2023-09-20
Impact: U.S.-Iran trade in this HS category remains non-existent, pushing Iran to diversify its supply chain.
U.S. Reiterates Ban on High-Capacity Transformer Exports to Iran
The U.S. Department of Commerce reaffirmed export controls on industrial equipment, including power transformers under HS Code 8504.23.00, to Iran as part of broader economic sanctions.
2023-08-05
Impact: Continued embargo ensures zero trade activity between the U.S. and Iran for these goods.
Policy Updates
Extension of U.S. Sanctions on Iran Under Iran Sanctions Act
The U.S. government extended sanctions under the Iran Sanctions Act, maintaining strict export controls on industrial goods, including power transformers with a capacity of 2,500-10,000 kVA (HS Code 8504.23.00), prohibiting any trade with Iran.
Date: 2023-11-01
OFAC Updates Iran Sanctions List
The Office of Foreign Assets Control (OFAC) updated its sanctions list, reinforcing restrictions on the export of electrical equipment, including transformers in the specified capacity range, to Iran without special licenses, which are rarely granted.
Date: 2023-07-15