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Global Tariffs, Categorized
🇺🇸 United States
🇱🇷 Liberia
📦 Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89)
🇺🇸 → 🇱🇷

United States to Liberia Trade Analysis for Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89)

Detailed tariff information for Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89) imports

Differentials for vehicles of heading 8703, each incorporating a self-contained silicone-fluid filled reservoir, shear pump and progressively-locking clutch pack, the foregoing other than for tractors (except road tractors) (provided for in subheading 8708.50.89) Tariff Rate

HS Code:

5%
Effective January 1, 2023
View general trade relationship between United States and Liberia

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase from previous year

Special Rates

Preferential Rate
0%
Applicable under the ECOWAS Trade Liberalization Scheme if accompanied by appropriate documentation and certificate of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Liberia Trade Agreement Boosts Automotive Parts Export
A new bilateral trade agreement between the United States and Liberia has reduced tariffs on automotive differentials for vehicles under HS Code 8708.50.89. This agreement aims to facilitate the export of specialized vehicle components, including silicone-fluid filled reservoir differentials, to Liberia.
2023-10-15
Impact: This is expected to increase US exports of automotive differentials to Liberia by reducing costs for Liberian importers, potentially strengthening trade ties and benefiting US manufacturers.
Liberia Increases Demand for US-Made Vehicle Differentials
Liberia's growing automotive sector has led to a surge in demand for high-quality differentials for vehicles of heading 8703, specifically those with shear pump and progressively-locking clutch packs from the US, as classified under HS Code 8708.50.89.
2023-09-22
Impact: US exporters are likely to see a rise in orders from Liberia, potentially leading to increased production and job creation in the US automotive parts sector.
US Imposes Quality Standards on Differential Exports to Liberia
The US Department of Commerce has introduced stricter quality control measures for automotive differentials (HS Code 8708.50.89) exported to Liberia, ensuring that components like silicone-fluid filled reservoirs meet international safety standards.
2023-08-10
Impact: While this may temporarily slow down exports due to compliance checks, it is expected to build trust in US-made products and ensure long-term market access in Liberia.
Policy Updates
US-Liberia Tariff Reduction on Automotive Parts
The US and Liberia have agreed to lower tariffs on specific automotive components, including differentials under HS Code 8708.50.89, as part of a broader trade facilitation initiative. This policy aims to enhance market access for US exporters.
Date: 2023-10-01
Liberia Updates Import Regulations for Vehicle Parts
Liberia has revised its import regulations to streamline customs processes for automotive differentials (HS Code 8708.50.89), reducing paperwork and inspection times for US exporters while maintaining safety standards.
Date: 2023-09-05