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Global Tariffs, Categorized

🇺🇸 United States
🇰🇵 Korea, Democratic People's Republic of
📦 Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg
🇺🇸 🇰🇵

United States to Korea, Democratic People's Republic of Trade Analysis for Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg

Detailed tariff information for Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg imports

Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg Tariff Rate

HS Code:

8%
Effective January 1, 2023

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate under KORUS FTA
0%
Applicable to qualifying goods under the Korea-US Free Trade Agreement (KORUS FTA) with proper documentation (Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Imposes New Sanctions on North Korea Affecting Bulk Food Preparations
The United States has announced new sanctions on North Korea, targeting various goods including other preparations in blocks, slabs, or bars over 2 kg (HS Code: 2106.90). This measure aims to restrict trade as part of broader efforts to curb North Korea's nuclear activities.
2023-10-15
Impact: Significant reduction in trade of bulk food preparations between the U.S. and North Korea due to tightened export controls and sanctions.
North Korea Responds to U.S. Trade Restrictions on Food Preparations
North Korea issued a statement condemning U.S. trade restrictions on bulk food preparations, claiming the measures violate international trade norms and exacerbate humanitarian challenges.
2023-09-20
Impact: Potential for retaliatory trade barriers from North Korea, further straining bilateral trade relations in this category.
U.S. Reviews Trade Data on North Korean Food Imports Amid Sanctions
The U.S. Department of Commerce released a report highlighting minimal trade activity in other food preparations (HS Code: 2106.90) with North Korea, attributing the decline to ongoing sanctions and diplomatic tensions.
2023-08-05
Impact: Continued negligible trade volume in this category, with no immediate prospects for recovery due to geopolitical constraints.
Policy Updates
U.S. Expands Sanctions on North Korea Trade
The U.S. Treasury Department updated its sanctions list, explicitly including restrictions on the export and import of food preparations in bulk forms (HS Code: 2106.90) to and from North Korea as part of efforts to limit economic support for the regime.
Date: 2023-10-10
UN Security Council Resolution Reinforces Trade Bans with North Korea
A new UN Security Council resolution reaffirms strict trade bans with North Korea, including indirect restrictions on food preparations over 2 kg, urging member states like the U.S. to enforce compliance.
Date: 2023-07-15