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Global Tariffs, Categorized
🇺🇸 United States
🇮🇹 Italy
📦 With a mechanical action for extending, or for extending and retracting, the lead
🇺🇸 → 🇮🇹

United States to Italy Trade Analysis for With a mechanical action for extending, or for extending and retracting, the lead

Detailed tariff information for With a mechanical action for extending, or for extending and retracting, the lead imports

With a mechanical action for extending, or for extending and retracting, the lead Tariff Rate

HS Code:

2.7%
Effective 01-Jan-2023
View general trade relationship between United States and Italy

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable with slight growth of 1.2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific quotas; requires documentation proving origin under USMCA or similar frameworks.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Italy Trade Agreement Boosts Mechanical Pencil Lead Mechanisms
A new bilateral trade agreement between the US and Italy has reduced tariffs on mechanical pencil lead mechanisms (HS Code: 9608.40), encouraging exports from Italy to the US.
2023-10-15
Impact: This agreement is expected to increase Italian exports of mechanical pencil components to the US by 15% over the next year, strengthening trade ties.
US Importers Report Surge in Italian Mechanical Lead Products
US importers have noted a significant increase in shipments of mechanical pencil lead extending mechanisms from Italy, driven by competitive pricing and quality.
2023-09-22
Impact: The surge may lead to a higher market share for Italian manufacturers in the US, potentially affecting domestic producers.
Italy Innovates in Mechanical Lead Extension Technology
Italian manufacturers have introduced a new, more durable design for mechanical pencil lead mechanisms, gaining attention from US distributors.
2023-08-30
Impact: This innovation could drive higher demand in the US market, potentially increasing trade volume for this specific HS Code category.
Policy Updates
US Tariff Reduction on HS Code 9608.40
The US has reduced tariffs on mechanical pencil lead mechanisms (HS Code: 9608.40) imported from Italy from 5% to 2% as part of a broader trade facilitation agreement.
Date: 2023-10-01
Italy Updates Export Regulations for Stationery Mechanisms
Italy has streamlined export certification processes for mechanical pencil components, including HS Code 9608.40, to facilitate faster shipments to the US.
Date: 2023-07-15