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Global Tariffs, Categorized
🇺🇸 United States
🇳🇵 Nepal
📦 Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or nonelectric motor, and parts thereof
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United States to Nepal Trade Analysis for Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or nonelectric motor, and parts thereof

Detailed tariff information for Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or nonelectric motor, and parts thereof imports

Tools for working in the hand, pneumatic, hydraulic or with self-contained electric or nonelectric motor, and parts thereof Tariff Rate

HS Code:

9%
Effective July 16, 2023
View general trade relationship between United States and Nepal

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Increasing by 5% annually

Special Rates

Preferential Rate
1%
Applicable under SAFTA agreement for qualifying goods with Certificate of Origin

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Import of Pneumatic Tools from Nepal
Recent trade data shows a 12% increase in the import of pneumatic hand tools from Nepal to the United States in Q3 2023, driven by demand in the construction sector.
2023-10-15
Impact: This surge strengthens trade ties and boosts Nepal's export economy, though it may face challenges with supply chain logistics.
Nepal Seeks Tariff Reductions for Hydraulic Tools Export to US
Nepal's trade ministry has initiated talks with US officials to reduce tariffs on hydraulic hand tools under HS Code 8467, aiming to increase market competitiveness.
2023-09-20
Impact: If successful, this could lead to a significant rise in exports, benefiting Nepalese manufacturers and US consumers with lower prices.
US-Nepal Trade Agreement Discussions Include Tool Parts
During bilateral trade talks, both nations discussed enhancing trade in parts of pneumatic and electric hand tools, focusing on quality standards and certifications.
2023-08-05
Impact: This could streamline trade processes and increase the volume of tool parts exchanged, fostering mutual economic benefits.
Policy Updates
US Updates Import Duties on Nepalese Hand Tools
The US has revised import duties on specific categories under HS Code 8467, affecting pneumatic and hydraulic tools from Nepal, with a slight increase of 1.5% to protect domestic manufacturers.
Date: 2023-09-10
Nepal Introduces Export Incentive for Tool Manufacturers
Nepal's government has rolled out a 5% export incentive for manufacturers of hand tools and parts under HS Code 8467 to encourage production and boost trade with the US.
Date: 2023-07-25