US Imposes New Tariffs on Myanmar Mineral Products
The United States has introduced new tariffs on various mineral products, including articles of stone and other mineral substances under HS Code 6815, imported from Myanmar. This move comes as part of broader sanctions due to political unrest in the country.
2023-10-15
Impact: This tariff hike is likely to reduce imports of these products from Myanmar, potentially increasing costs for US businesses reliant on these materials and encouraging sourcing from alternative countries.
Myanmar's Mineral Exports to US Decline Amid Sanctions
Recent data shows a significant drop in Myanmar's exports of articles of stone and mineral substances to the US, attributed to ongoing sanctions and trade restrictions imposed by the US government.
2023-09-20
Impact: The decline in exports could strain Myanmar's economy while pushing US importers to seek alternative suppliers, potentially increasing costs and affecting supply chains.
US Reviews Trade Policies on Myanmar Mineral Imports
The US Trade Representative announced a review of trade policies concerning imports of mineral substances from Myanmar, including articles under HS Code 6815, amid concerns over human rights issues.
2023-08-05
Impact: Pending outcomes of the review could lead to stricter import controls or bans, further impacting trade volumes and prompting US companies to diversify their supply sources.
