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Global Tariffs, Categorized
🇺🇸 United States
🇱🇺 Luxembourg
📦 Of a width not exceeding 16 mm, in cassettes
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United States to Luxembourg Trade Analysis for Of a width not exceeding 16 mm, in cassettes

Detailed tariff information for Of a width not exceeding 16 mm, in cassettes imports

Of a width not exceeding 16 mm, in cassettes Tariff Rate

HS Code:

6.5%
Effective 2023-01-01
View general trade relationship between United States and Luxembourg

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Luxembourg Trade Agreement Boosts Small Width Cassette Imports
A new bilateral trade agreement between the United States and Luxembourg has facilitated an increase in imports of magnetic tapes of a width not exceeding 16 mm in cassettes (HS Code: 8523.29), with reduced tariffs promoting market access.
2023-10-15
Impact: Positive impact on trade with expected growth in import volumes due to lower costs and improved market access for Luxembourg exporters to the US.
Luxembourg Exporters Face US Regulatory Delays for Cassette Products
Recent regulatory checks by US Customs on imports of small width cassettes from Luxembourg have caused shipment delays, affecting supply chains for niche audio products.
2023-09-22
Impact: Negative short-term impact on trade due to delays, potentially increasing costs and affecting delivery schedules for businesses.
US Demand for Vintage Audio Cassettes Drives Luxembourg Exports
A resurgence in demand for vintage audio cassettes in the US has led to a spike in exports from Luxembourg, a key supplier of magnetic tapes not exceeding 16 mm in width.
2023-08-10
Impact: Positive impact on trade, with increased export revenue for Luxembourg and strengthened trade ties in niche markets.
Policy Updates
US Tariff Reduction on HS Code 8523.29 Products
The United States announced a tariff reduction on magnetic tapes of a width not exceeding 16 mm in cassettes (HS Code: 8523.29) from Luxembourg as part of a broader trade facilitation agreement, effective immediately.
Date: 2023-10-01
Luxembourg Updates Export Compliance for Audio Cassettes
Luxembourg introduced stricter export documentation requirements for magnetic tape products under HS Code 8523.29 to ensure compliance with international trade standards, impacting shipments to the US.
Date: 2023-07-15