Stable with slight increase of 3% from previous year
Special Rates
Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to rules of origin and documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Liberia Trade Agreement Boosts Wheel Exports
A new bilateral trade agreement between the US and Liberia has reduced tariffs on specific industrial goods, including wheels with diameters between 57 cm and 63 cm (HS Code: 8708.70). This has led to a 15% increase in US exports of these wheels to Liberia in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Liberia for wheels in this size range.
Liberia Increases Demand for US-Manufactured Wheels
Liberia's growing construction and mining sectors have driven a surge in demand for heavy-duty vehicle wheels, particularly those with diameters of 57-63 cm. US suppliers reported a 10% rise in orders from Liberian companies.
2023-09-20
Impact: Increased demand is expected to strengthen trade ties and boost US wheel exports to Liberia in the short term.
Supply Chain Delays Affect US Wheel Exports to Liberia
Global shipping disruptions have delayed deliveries of wheels (HS Code: 8708.70) from the US to Liberia, impacting Liberian importers who rely on these components for vehicle maintenance and assembly.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential for backlog and increased costs for Liberian importers.
Policy Updates
US-Liberia Tariff Reduction on Industrial Wheels
The US and Liberia finalized a tariff reduction agreement under the African Growth and Opportunity Act (AGOA), lowering duties on wheels with diameters of 57-63 cm (HS Code: 8708.70) by 5%. This policy aims to facilitate trade and support Liberia's industrial growth.
