US-Japan Tech Trade Talks Highlight Data Processing Equipment
Recent bilateral trade discussions between the US and Japan emphasized the export and import of automatic data processing machines (HS Code 8471). Both nations aim to reduce barriers for high-tech equipment, including magnetic and optical readers.
2023-10-15
Impact: This could lead to an increase in trade volume for data processing equipment, with potential tariff reductions fostering stronger tech partnerships.
Japan Increases Export of Data Processing Units to the US
Japan reported a 12% rise in exports of data processing machines and units to the US in Q3 2023, driven by demand for advanced computing hardware and data transcription devices.
2023-09-22
Impact: Strengthens Japan's position as a key supplier of tech hardware to the US, potentially impacting domestic US manufacturers.
US Imposes Quality Standards on Imported Data Processing Machines
The US introduced stricter quality and security standards for imported automatic data processing machines, affecting Japanese exporters under HS Code 8471, to ensure cybersecurity compliance.
2023-08-30
Impact: Japanese exporters may face higher compliance costs and delays, potentially reducing short-term trade volumes.
