U.S. Increases Tariffs on Steel Containers from Palestine
The United States has imposed a new tariff on imports of reservoirs, tanks, and vats of iron or steel (HS Code 7309.00) from the State of Palestine, citing unfair trade practices. The tariff rate has been set at 15% effective immediately.
2023-10-15
Impact: This tariff is likely to reduce the competitiveness of Palestinian steel container exports to the U.S., potentially decreasing trade volume in this category.
Trade Agreement Talks Between U.S. and Palestine on Steel Products
Negotiations between the U.S. and the State of Palestine have begun to address trade imbalances, including the export of steel reservoirs and tanks. Discussions aim to establish quotas or tariff exemptions for HS Code 7309.00 products.
2023-09-20
Impact: If successful, this agreement could stabilize or increase trade of steel containers by reducing trade barriers and fostering mutual economic benefits.
Palestinian Steel Container Exports to U.S. Face Supply Chain Delays
Ongoing geopolitical tensions and port disruptions in the region have delayed shipments of steel reservoirs and tanks (HS Code 7309.00) from Palestine to the United States, affecting delivery timelines for American buyers.
2023-08-05
Impact: These delays may lead to temporary shortages in the U.S. market, prompting buyers to seek alternative suppliers and potentially impacting Palestinian export revenue.
