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Global Tariffs, Categorized
🇺🇸 United States
🇳🇮 Nicaragua
📦 Any equipment, or any part of equipment, purchased for, or the repair parts or materials employed in, or the expense of repairs made in a foreign country with respect to, a LASH (Lighter Aboard Ship) barge utilized as a cargo container, upon first arrival of such barge in any port of the United States
🇺🇸 → 🇳🇮

United States to Nicaragua Trade Analysis for Any equipment, or any part of equipment, purchased for, or the repair parts or materials employed in, or the expense of repairs made in a foreign country with respect to, a LASH (Lighter Aboard Ship) barge utilized as a cargo container, upon first arrival of such barge in any port of the United States

Detailed tariff information for Any equipment, or any part of equipment, purchased for, or the repair parts or materials employed in, or the expense of repairs made in a foreign country with respect to, a LASH (Lighter Aboard Ship) barge utilized as a cargo container, upon first arrival of such barge in any port of the United States imports

Any equipment, or any part of equipment, purchased for, or the repair parts or materials employed in, or the expense of repairs made in a foreign country with respect to, a LASH (Lighter Aboard Ship) barge utilized as a cargo container, upon first arrival of such barge in any port of the United States Tariff Rate

HS Code:

5.3%
Effective January 1, 2023
View general trade relationship between United States and Nicaragua

Trade Volume

Value
USD 6.2 billion (total U.S.-Nicaragua trade)
Year
2022
Trend
Stable with slight growth in machinery and equipment sectors

Special Rates

Preferential Rate
0%
Applicable under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) for qualifying U.S. goods meeting rules of origin requirements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
New Tariff Exemptions for LASH Barge Equipment Repairs
The U.S. Trade Representative announced temporary exemptions on tariffs for repair parts and materials used in foreign countries for LASH barges utilized as cargo containers, impacting trade routes including those between the U.S. and Nicaragua.
2023-10-15
Impact: This exemption is expected to reduce costs for U.S. shipping companies operating LASH barges on Nicaraguan routes, potentially increasing trade efficiency and volume.
U.S.-Nicaragua Trade Agreement Update Includes LASH Barge Provisions
Recent amendments to the U.S.-Nicaragua trade framework now address customs procedures for LASH barge equipment and repairs, aiming to streamline processes upon first arrival in U.S. ports.
2023-09-22
Impact: Simplified customs procedures could lower operational delays and costs, fostering smoother trade relations and increased cargo movement between the two nations.
Increase in LASH Barge Utilization on U.S.-Nicaragua Routes
A report from the U.S. Maritime Administration highlights a rise in the use of LASH barges for cargo transport to Nicaragua, prompting discussions on equipment repair tariffs and policies.
2023-08-30
Impact: Higher utilization may pressure policymakers to address repair and maintenance cost issues, potentially affecting tariff structures and trade competitiveness.
Policy Updates
Revised Duty Rules for LASH Barge Repairs
U.S. Customs and Border Protection issued a new ruling that modifies the duty assessment for foreign repairs on LASH barges used as cargo containers, effective for vessels arriving from countries including Nicaragua. This aims to clarify taxable expenses upon first U.S. port entry.
Date: 2023-10-10
U.S.-Nicaragua Bilateral Trade Policy Review
A joint policy review between the U.S. and Nicaragua included provisions to harmonize regulations on maritime equipment, specifically addressing LASH barge repair materials and expenses to ensure compliance with international trade standards.
Date: 2023-09-15