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Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 liters, whether or not lined or heat insulated, but not fitted with mechanical or thermal equipment
United States to Mexico Trade Analysis
for Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 liters, whether or not lined or heat insulated, but not fitted with mechanical or thermal equipment
Detailed tariff information for Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 liters, whether or not lined or heat insulated, but not fitted with mechanical or thermal equipment imports
Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 liters, whether or not lined or heat insulated, but not fitted with mechanical or thermal equipment Tariff Rate
Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under the United States-Mexico-Canada Agreement (USMCA) if goods meet rules of origin requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Demand for Steel Reservoirs Boosts US-Mexico Trade
A surge in demand for industrial storage solutions has led to a 12% increase in exports of reservoirs, tanks, and vats (HS Code 7309) from Mexico to the United States in Q3 2023, driven by growth in the US manufacturing sector.
2023-10-15
Impact: This trend strengthens bilateral trade ties, with Mexican steel manufacturers benefiting from proximity and USMCA trade advantages, though supply chain constraints may pose future risks.
US Tariffs on Steel Products Affect Reservoir Trade
Recent US tariffs on certain steel products have indirectly impacted the cost of reservoirs and tanks imported from Mexico, leading to a 5% price increase for these goods in the US market.
2023-09-20
Impact: The tariffs may reduce competitiveness of Mexican exports in the short term, potentially shifting demand to domestic US suppliers or other countries if costs remain elevated.
Mexico Expands Production Capacity for Steel Containers
Major Mexican steel producers have invested in new facilities to increase production of large-capacity tanks and reservoirs, targeting the US market under USMCA provisions.
2023-08-05
Impact: This expansion is expected to enhance Mexico's export volume to the US, potentially lowering costs for US buyers and solidifying Mexico's position as a key supplier.
Policy Updates
USMCA Review on Steel Product Tariffs
A scheduled review of steel-related tariffs under the USMCA agreement is set to address concerns over the impact on specific HS Code 7309 products, including reservoirs and tanks, with potential adjustments to quotas or exemptions for Mexican exports.
Date: 2023-09-10
US Department of Commerce Monitoring Steel Imports
The US Department of Commerce has initiated stricter monitoring of steel imports, including reservoirs and tanks under HS Code 7309, to ensure compliance with trade agreements and prevent dumping, affecting import processes from Mexico.
