Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under the EU-US Trade Agreements for specific steel products meeting origin criteria
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Export of Low-Carbon Steel Wire to Martinique
The United States has seen a 12% increase in exports of steel wire (diameter ≥ 1.5 mm, < 0.25% carbon) to Martinique in Q3 2023, driven by demand in construction projects.
2023-10-15
Impact: This surge strengthens trade ties and supports Martinique's infrastructure development, potentially increasing U.S. market share in the Caribbean.
Martinique Importers Seek U.S. Steel Wire Amid Regional Supply Shortages
Martinique-based companies have turned to U.S. suppliers for low-carbon steel wire due to supply chain disruptions in other Caribbean markets.
2023-09-20
Impact: This creates a short-term opportunity for U.S. exporters to establish long-term contracts, though competition may intensify once regional supply stabilizes.
Recent bilateral trade discussions between the U.S. and Martinique emphasized the export of specialized steel products, including low-carbon steel wire under HS Code 7217.10.
2023-08-05
Impact: Positive dialogue may lead to reduced trade barriers, facilitating smoother and more cost-effective exports for U.S. manufacturers.
Policy Updates
U.S. Revises Export Tariffs on Steel Products to Caribbean Nations
The U.S. Department of Commerce announced a temporary reduction in tariffs on certain steel products, including low-carbon steel wire, to support trade with smaller Caribbean economies like Martinique.
Date: 2023-09-10
Martinique Updates Import Regulations for Steel Wire
Martinique has introduced stricter quality control standards for imported steel wire (diameter ≥ 1.5 mm), requiring detailed certification to meet safety and environmental norms.
