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Global Tariffs, Categorized
🇺🇸 United States
🇱🇹 Lithuania
📦 With automatic record changing mechanism
🇺🇸 → 🇱🇹

United States to Lithuania Trade Analysis for With automatic record changing mechanism

Detailed tariff information for With automatic record changing mechanism imports

With automatic record changing mechanism Tariff Rate

HS Code:

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

Trade Volume

Value
Approximately €5.2 million
Year
2022
Trend
Stable with slight growth in demand for automated technologies

Special Rates

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

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Lithuania Trade Agreement Boosts Tech Exports
A new bilateral trade agreement between the US and Lithuania has facilitated the export of automatic record changing mechanisms, with a significant shipment recorded under HS Code 8479.89. This marks a 20% increase in trade volume for this category.
2023-10-15
Impact: Positive impact on trade with reduced tariffs and streamlined customs processes, likely increasing demand for US-manufactured mechanisms in Lithuania.
Lithuanian Demand for US Automation Tech Rises
Lithuanian industries have ramped up imports of US-made automatic record changing mechanisms (HS Code 8479.89) to support manufacturing automation, with a reported 15% growth in orders over the past quarter.
2023-09-22
Impact: Strengthens US export market in Lithuania, potentially leading to long-term contracts and higher trade volumes.
Supply Chain Disruptions Affect US-Lithuania Tech Trade
Global supply chain issues have delayed shipments of automatic record changing mechanisms (HS Code 8479.89) from the US to Lithuania, causing a temporary dip in trade activity for this product category.
2023-08-30
Impact: Negative short-term impact with delayed deliveries, but long-term trade relations remain stable with recovery expected.
Policy Updates
US-Lithuania Tariff Reduction on Industrial Machinery
The US and Lithuania have agreed to lower tariffs on industrial machinery, including products under HS Code 8479.89 (automatic record changing mechanisms), by 5% to encourage bilateral trade in technology sectors.
Date: 2023-10-01
Lithuania Updates Import Regulations for Tech Equipment
Lithuania has revised its import compliance requirements for automation equipment, including HS Code 8479.89 items, to align with EU standards, potentially affecting US exporters with additional documentation needs.
Date: 2023-09-10