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🇺🇸 United States
🇳🇴 Norway
📦 Mechanical presses
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United States to Norway Trade Analysis for Mechanical presses

Detailed tariff information for Mechanical presses imports

Mechanical presses Tariff Rate

HS Code:

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

Trade Volume

Value
Approximately $5 million USD
Year
2022
Trend
Stable with slight increase due to demand in industrial sectors

Special Rates

Preferential Rate
0%
Applicable under the Norway-USA trade agreements or EFTA agreements if criteria are met (e.g., rules of origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Norway Trade Agreement Boosts Mechanical Press Exports
A new bilateral trade agreement between the United States and Norway has reduced tariffs on industrial machinery, including mechanical presses (HS Code: 8462), leading to a 15% increase in US exports to Norway in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of mechanical presses due to lower tariffs, potentially increasing market share in Norway.
Norway Imposes Temporary Quota on Mechanical Press Imports
Norway introduced a temporary quota on mechanical press imports to protect domestic manufacturers, affecting US exporters who now face limited market access until the quota is reviewed next year.
2023-09-01
Impact: Negative impact on US exporters as the quota restricts the volume of mechanical presses that can be shipped to Norway.
US Manufacturer Expands Mechanical Press Production for Norwegian Market
A leading US manufacturer of mechanical presses announced plans to increase production capacity to meet growing demand in Norway, driven by the country's expanding industrial sector.
2023-08-10
Impact: Positive impact on trade volume as increased production is expected to boost exports to Norway in the coming months.
Policy Updates
US-Norway Bilateral Tariff Reduction on Machinery
A new policy under the US-Norway trade agreement reduces tariffs on machinery, including mechanical presses (HS Code: 8462), by 10% effective immediately, aiming to strengthen industrial trade ties.
Date: 2023-10-01
Norway's Import Quota Regulation Update
Norway updated its import regulations to include a temporary quota on mechanical presses (HS Code: 8462) to support local industry, with a review scheduled for mid-2024.
Date: 2023-09-01