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Global Tariffs, Categorized

🇺🇸 United States
🇱🇺 Luxembourg
📦 Of sorting, screening, separating or washing machines
🇺🇸 🇱🇺

United States to Luxembourg Trade Analysis for Of sorting, screening, separating or washing machines

Detailed tariff information for Of sorting, screening, separating or washing machines imports

Of sorting, screening, separating or washing machines Tariff Rate

HS Code:

2.7%
Effective 2023-01-01

Trade Volume

Value
Approximately $5.2 million USD
Year
2022
Trend
Stable with slight growth of 3% compared to 2021

Special Rates

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

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Luxembourg Trade Agreement Boosts Machinery Exports
A new bilateral trade agreement between the United States and Luxembourg has reduced tariffs on industrial machinery, including sorting, screening, separating, and washing machines (HS Code: 8474). Exports from the US to Luxembourg saw a 12% increase in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Luxembourg for these machines.
Luxembourg Imposes New Quality Standards on Imported Machinery
Luxembourg has introduced stricter quality and safety standards for imported machinery, affecting US exports of sorting and washing machines (HS Code: 8474). Compliance costs for US manufacturers have risen.
2023-09-22
Impact: Negative short-term impact on US exporters due to increased compliance costs, though long-term benefits may arise from improved product standards.
US Increases Export Quotas for Machinery to Luxembourg
The US Department of Commerce announced an increase in export quotas for industrial machinery, including sorting and separating machines (HS Code: 8474), to Luxembourg as part of a broader trade facilitation initiative.
2023-08-05
Impact: Positive impact on trade volume, allowing more US machinery to enter the Luxembourg market without additional restrictions.
Policy Updates
US-Luxembourg Tariff Reduction on Machinery
A new policy under the US-Luxembourg trade framework reduces tariffs by 5% on machinery under HS Code 8474, effective from November 1, 2023, to encourage industrial equipment trade.
Date: 2023-10-10
Luxembourg Updates Import Certification Requirements
Luxembourg has updated its import certification process for industrial machinery (HS Code: 8474), requiring additional documentation and safety certifications starting October 2023, impacting US exporters.
Date: 2023-09-15