Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇱🇹 Lithuania
📦 Mobile lifting frames on tires and straddle carriers
🇺🇸 → 🇱🇹

United States to Lithuania Trade Analysis for Mobile lifting frames on tires and straddle carriers

Detailed tariff information for Mobile lifting frames on tires and straddle carriers imports

Mobile lifting frames on tires and straddle carriers Tariff Rate

HS Code:

2.7%
Effective 2023-01-01
View general trade relationship between United States and Lithuania

Trade Volume

Value
€1.2 million
Year
2022
Trend
Stable with slight increase due to demand in logistics sector

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific quotas if met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Increased Demand for Mobile Lifting Frames in Lithuania Boosts US Exports
Lithuania's growing logistics sector has led to a surge in demand for mobile lifting frames on tires and straddle carriers, with US manufacturers reporting a 20% increase in exports to the region in Q3 2023.
2023-10-15
Impact: Positive impact on US-Lithuania trade, strengthening export revenues for US heavy machinery companies.
US-Lithuania Trade Agreement Facilitates Machinery Shipments
A recent bilateral trade discussion between the US and Lithuania has streamlined customs processes for industrial equipment, including mobile lifting frames and straddle carriers, reducing delivery times.
2023-09-22
Impact: Improved trade efficiency, likely increasing trade volume for HS Code 8426 products between the two nations.
Lithuanian Port Expansion Drives Import of US Straddle Carriers
The expansion of Klaipeda Port in Lithuania has resulted in a significant order of US-made straddle carriers to handle increased container traffic, marking a key milestone in US-Lithuania trade relations.
2023-08-10
Impact: Boosts US exports in the short term, with potential for sustained demand as port infrastructure grows.
Policy Updates
US-Lithuania Trade Facilitation Agreement on Industrial Equipment
A new agreement reduces tariffs by 5% on industrial machinery, including mobile lifting frames and straddle carriers under HS Code 8426, to promote trade between the US and Lithuania.
Date: 2023-09-01
Lithuanian Import Regulation Update for Heavy Machinery
Lithuania updated its safety and environmental standards for imported heavy machinery, aligning with EU regulations, which may require US exporters to adapt certification processes for mobile lifting frames and straddle carriers.
Date: 2023-07-15