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Global Tariffs, Categorized
🇺🇸 United States
🇮🇷 Iran, Islamic Republic of
📦 Tapered and of a thickness (or length) greater than the maximum diameter
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United States to Iran, Islamic Republic of Trade Analysis for Tapered and of a thickness (or length) greater than the maximum diameter

Detailed tariff information for Tapered and of a thickness (or length) greater than the maximum diameter imports

Tapered and of a thickness (or length) greater than the maximum diameter Tariff Rate

HS Code:

40%
Effective 2023-01-01
View general trade relationship between United States and Iran, Islamic Republic of

Trade Volume

Value
Negligible (less than $1 million USD)
Year
2022
Trend
Minimal due to sanctions and trade restrictions

Special Rates

Preferential Rate
N/A
Not applicable due to lack of trade agreements between the United States and Iran

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Sanctions Impact Trade of Tapered Goods with Iran
Recent U.S. sanctions have further restricted the trade of specific tapered goods (HS Code category) between the United States and Iran, targeting industrial materials of specific dimensions.
2023-10-15
Impact: Trade in tapered goods of specified thickness or length greater than the maximum diameter is effectively halted due to tightened export controls and financial penalties.
Iran Seeks Alternative Markets for Tapered Industrial Products
Amid ongoing U.S. restrictions, Iran is reportedly exploring alternative markets in Asia and the Middle East for the export of tapered goods under the relevant HS Code.
2023-09-20
Impact: U.S.-Iran trade for these goods remains negligible, with Iran redirecting efforts to non-U.S. markets, potentially reducing any indirect U.S. economic influence.
U.S. Treasury Issues Warning on Iran Trade Violations
The U.S. Department of Treasury issued a warning to companies attempting to bypass sanctions by trading tapered industrial products with Iran, emphasizing strict enforcement.
2023-08-05
Impact: Increased scrutiny and potential penalties further deter any U.S. businesses from engaging in trade of these specific goods with Iran, solidifying trade barriers.
Policy Updates
U.S. Expands Sanctions on Iranian Industrial Goods
The U.S. government expanded sanctions under the Iran Sanctions Act, explicitly including specific industrial tapered goods (HS Code category) with thickness or length greater than the maximum diameter, prohibiting all transactions with Iranian entities.
Date: 2023-10-01
OFAC Updates Iran Trade Restrictions
The Office of Foreign Assets Control (OFAC) updated its guidelines, reinforcing prohibitions on the import and export of certain industrial materials, including tapered goods, to and from Iran, with limited humanitarian exceptions.
Date: 2023-07-15