Applies to goods originating from the United States under the USMCA agreement, subject to rules of origin compliance.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Mexico Trade Agreement Boosts Tooling Sector
Recent reports highlight a surge in exports of drilling, threading, and tapping tools from the US to Mexico under the USMCA framework, with a 12% increase in trade volume in Q3 2023.
2023-10-15
Impact: Positive impact on bilateral trade, with reduced tariffs under USMCA fostering growth in the tooling industry, especially for small and medium enterprises.
Mexico Increases Demand for US-Made Drilling Tools
Mexico's manufacturing sector, particularly automotive, has ramped up imports of US-made drilling and tapping tools to meet production demands, as reported by industry analysts.
2023-09-20
Impact: Strengthens US exports, potentially increasing market share for American manufacturers in Mexico, though supply chain bottlenecks may pose short-term challenges.
Ongoing border delays between the US and Mexico have slowed the delivery of drilling and threading tool shipments, causing temporary disruptions for manufacturers on both sides.
2023-08-05
Impact: Negative short-term impact on trade efficiency, with potential cost increases for businesses reliant on just-in-time delivery of these tools.
Policy Updates
USMCA Tariff Adjustments for Industrial Tools
Under the USMCA, specific tariff reductions for HS Code 8207 (which includes drilling, threading, or tapping tools) have been implemented, aiming to facilitate smoother trade between the US and Mexico.
