U.S.-Lithuania Trade Agreement Strengthens Bilateral Ties
A new trade agreement between the United States and Lithuania was announced, focusing on reducing tariffs for specific HS Code categories, including machinery and agricultural products, to boost mutual exports.
August 10, 2023
Impact: Expected to increase trade volume by 15% over the next two years, particularly benefiting U.S. exporters of machinery and Lithuanian agricultural producers.
Lithuania Increases Exports of Dairy Products to U.S. Under HS Code
Lithuania reported a significant rise in dairy exports to the U.S. under specific HS Codes, driven by growing demand for European dairy products in American markets.
August 25, 2023
Impact: This surge is likely to enhance Lithuania's trade surplus with the U.S. in the dairy sector, encouraging further investment in production capacity.
U.S. Importers Face Delays in Lithuanian Goods Due to Port Congestion
Congestion at key U.S. ports has delayed the arrival of goods from Lithuania, including products under various HS Codes, affecting supply chains for electronics and furniture.
September 5, 2023
Impact: Delays may lead to temporary shortages and higher costs for U.S. businesses reliant on Lithuanian imports, potentially impacting retail prices.
