United States to Nicaragua Trade Analysis
for Strips not over 15.2 cm in width, measuring over 2 mm in thickness, and having all longitudinal edges ground or otherwise smoothed or processed
Detailed tariff information for Strips not over 15.2 cm in width, measuring over 2 mm in thickness, and having all longitudinal edges ground or otherwise smoothed or processed imports
Strips not over 15.2 cm in width, measuring over 2 mm in thickness, and having all longitudinal edges ground or otherwise smoothed or processed Tariff Rate
A recent bilateral trade agreement between the U.S. and Nicaragua has reduced tariffs on steel products, including strips not over 15.2 cm in width and over 2 mm in thickness with processed edges (HS Code: 7211.90). This has led to a 15% increase in U.S. exports to Nicaragua in this category.
2023-10-15
Impact: Positive impact on U.S. exporters due to reduced tariffs and increased demand in Nicaragua.
Nicaraguan Steel Import Surge from U.S. Amid Construction Boom
Nicaragua's construction sector growth has driven a spike in imports of U.S.-made steel strips under HS Code 7211.90, with a reported 20% rise in volume over the past quarter.
2023-09-20
Impact: Increased trade volume benefits U.S. steel manufacturers, though logistical challenges may arise due to higher demand.
U.S. Steel Strip Shipments to Nicaragua Face Port Delays
Recent port congestion in Nicaragua has delayed shipments of U.S. steel strips (HS Code: 7211.90), affecting delivery timelines for products used in local manufacturing.
2023-08-05
Impact: Negative short-term impact on trade flow due to delays, potentially increasing costs for U.S. exporters.
Policy Updates
CAFTA-DR Tariff Reduction on Steel Products
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on certain steel products, including strips under HS Code 7211.90, have been further reduced for trade between the U.S. and Nicaragua, effective July 1, 2023. This aims to strengthen economic ties and boost manufacturing.
