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Global Tariffs, Categorized
🇺🇸 United States
🇳🇴 Norway
📦 Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included
🇺🇸 → 🇳🇴

United States to Norway Trade Analysis for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included

Detailed tariff information for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included imports

Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included Tariff Rate

HS Code:

0%
Effective 01-Jan-2023
View general trade relationship between United States and Norway

Trade Volume

Value
USD 150 million
Year
2022
Trend
Increasing by 5% annually due to demand for tech equipment.

Special Rates

Preferential Rate
0%
Applicable under the Norway-USA trade agreements or GSP if conditions are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Norway Tech Trade Agreement Boosts ADP Machine Exports
A new bilateral trade agreement between the US and Norway has reduced tariffs on Automatic Data Processing (ADP) machines and related units under HS Code 8471, facilitating increased exports from the US to Norway.
2023-10-15
Impact: This agreement is expected to increase US exports of ADP machines to Norway by 15% over the next year, strengthening tech trade ties.
Norway Increases Demand for US Data Processing Equipment
Norway's growing tech sector has led to a surge in demand for US-made data processing machines and magnetic readers, with imports rising by 10% in Q3 2023.
2023-09-22
Impact: The rising demand may lead to higher US export revenues, though supply chain constraints could limit short-term growth.
US-Norway Trade Talks Address Tech Equipment Standards
Recent trade discussions between the US and Norway focused on harmonizing standards for ADP machines and data transcription equipment to streamline trade under HS Code 8471.
2023-08-30
Impact: Harmonized standards could reduce compliance costs and boost trade efficiency, potentially increasing bilateral trade volume in this category.
Policy Updates
US-Norway Tariff Reduction on Tech Imports
The US and Norway have agreed to a 5% tariff reduction on imports of Automatic Data Processing machines and related units (HS Code 8471), effective immediately, to promote tech collaboration.
Date: 2023-10-01
Norway Updates Import Regulations for Data Processing Units
Norway has revised its import regulations for data processing machines, introducing stricter safety and environmental standards for equipment under HS Code 8471, impacting US exporters.
Date: 2023-07-15