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Electromechanical knives, each with self-contained electric motor (provided for in subheading 8509.80.50), the foregoing only if valued either less than $8 or more than $40 each
United States to Lithuania Trade Analysis
for Electromechanical knives, each with self-contained electric motor (provided for in subheading 8509.80.50), the foregoing only if valued either less than $8 or more than $40 each
Detailed tariff information for Electromechanical knives, each with self-contained electric motor (provided for in subheading 8509.80.50), the foregoing only if valued either less than $8 or more than $40 each imports
Electromechanical knives, each with self-contained electric motor (provided for in subheading 8509.80.50), the foregoing only if valued either less than $8 or more than $40 each Tariff Rate
A recent bilateral trade agreement between the US and Lithuania has reduced tariffs on specific electromechanical knives under HS Code 8509.80.50, particularly those valued less than $8 or more than $40. This has led to a 15% increase in exports from the US to Lithuania in the past quarter.
2023-10-15
Impact: Positive impact on US exporters as reduced tariffs make these products more competitive in the Lithuanian market, potentially increasing market share.
Lithuanian Demand for High-Value Electromechanical Knives Surges
Lithuanian importers have reported a growing demand for US-made electromechanical knives valued over $40 each, driven by the rise in local industrial automation. Imports under subheading 8509.80.50 have spiked by 20% year-over-year.
2023-09-20
Impact: Increased demand could lead to higher US export volumes, benefiting manufacturers of premium electromechanical knives targeting the Lithuanian market.
Global shipping delays have temporarily disrupted the trade of electromechanical knives (HS 8509.80.50) between the US and Lithuania, particularly impacting low-cost units valued under $8. Shipments have decreased by 10% in the last two months.
2023-08-05
Impact: Negative short-term impact on trade volume, with potential delays in fulfilling orders and increased costs for US exporters and Lithuanian importers.
Policy Updates
US-Lithuania Tariff Reduction on Electromechanical Knives
The US and Lithuania finalized a trade policy update reducing tariffs by 5% on electromechanical knives under HS Code 8509.80.50, applicable to units valued less than $8 or more than $40. This policy aims to strengthen trade ties and support industrial sectors in both countries.
