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Global Tariffs, Categorized

🇺🇸 United States
🇵🇸 Palestine, State of
📦 Foldable mattress foundations with legs, having the characteristics of a bed or bed frame, whether or not mechanically adjustable
🇺🇸 🇵🇸

United States to Palestine, State of Trade Analysis for Foldable mattress foundations with legs, having the characteristics of a bed or bed frame, whether or not mechanically adjustable

Detailed tariff information for Foldable mattress foundations with legs, having the characteristics of a bed or bed frame, whether or not mechanically adjustable imports

Foldable mattress foundations with legs, having the characteristics of a bed or bed frame, whether or not mechanically adjustable Tariff Rate

HS Code:

6.5%
Effective January 1, 2023

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight annual growth of 2% over the past 5 years

Special Rates

Preferential Rate
0%
Applicable under the US-Palestine Interim Free Trade Agreement for qualifying goods meeting rules of origin requirements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Imposes New Tariffs on Foldable Mattress Foundations from Palestine
The United States has introduced a new tariff on foldable mattress foundations with legs (HS Code: 9403.20) imported from the State of Palestine, citing unfair trade practices.
2023-10-15
Impact: This tariff is likely to increase costs for US importers and may reduce the volume of imports from Palestine, potentially affecting bilateral trade relations.
Palestine Responds to US Trade Restrictions on Bed Frames
In retaliation to US tariffs, the State of Palestine has announced potential counter-measures on American goods, including restrictions on export agreements for foldable mattress foundations.
2023-10-20
Impact: This could escalate trade tensions, further limiting the export of foldable mattress foundations to the US and impacting Palestinian exporters.
US-Palestine Trade Talks Focus on Furniture Sector
Recent diplomatic discussions between the US and the State of Palestine have included negotiations to ease restrictions on furniture items, including foldable mattress foundations with legs.
2023-11-01
Impact: If successful, these talks could lead to reduced tariffs and improved market access for Palestinian exporters, boosting trade in this category.
Policy Updates
US Department of Commerce Updates Tariff Schedule for HS 9403.20
The US Department of Commerce has updated the tariff schedule, imposing a 15% duty on foldable mattress foundations with legs imported from the State of Palestine under HS Code 9403.20, effective immediately.
Date: 2023-10-10
Palestine Introduces Export Licensing for Furniture Products
The State of Palestine has implemented a new export licensing requirement for furniture products, including foldable mattress foundations, to monitor and potentially restrict outflows to the US market.
Date: 2023-10-25