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Articles the product of China, as provided for in U.S. note 20(y) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative
United States to Panama Trade Analysis
for Articles the product of China, as provided for in U.S. note 20(y) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative
Detailed tariff information for Articles the product of China, as provided for in U.S. note 20(y) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative imports
Articles the product of China, as provided for in U.S. note 20(y) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative Tariff Rate
Not specific to HS code; U.S. exports to Panama totaled $12.5 billion
Year
2022
Trend
Increasing due to strong bilateral trade under the U.S.-Panama TPA
Special Rates
Preferential Rate
0% (Free)
Applicable under the U.S.-Panama TPA for qualifying goods; must meet rules of origin and documentation requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Extends Tariff Exclusions for Certain Chinese Products Under U.S. Note 20(y)
The U.S. Trade Representative (USTR) announced an extension of tariff exclusions for specific Chinese products classified under U.S. Note 20(y) to subchapter, including certain goods relevant to U.S.-Panama trade routes. This extension aims to mitigate supply chain disruptions.
October 10, 2023
Impact: This extension is likely to stabilize costs for U.S. importers dealing with Panama as a transit hub, ensuring smoother trade flows for excluded Chinese-origin products.
USTR Reviews Additional Exclusions for Chinese Goods Impacting U.S.-Panama Trade
The USTR opened a review process to consider additional exclusions for Chinese products under U.S. Note 20(y), focusing on items critical to industries operating between the U.S. and Panama, such as electronics and machinery components.
September 15, 2023
Impact: If approved, these exclusions could reduce tariffs on key goods, lowering costs for U.S. businesses and enhancing trade efficiency through Panama’s logistics networks.
U.S.-Panama Trade Benefits from Chinese Product Exclusions
Recent USTR exclusions on Chinese products under U.S. Note 20(y) have indirectly boosted U.S.-Panama trade by reducing tariffs on goods transshipped through Panama, including medical supplies and industrial parts.
August 20, 2023
Impact: The exclusions lower import costs, encouraging increased trade volume between the U.S. and Panama, particularly for re-exported Chinese goods.
Policy Updates
Extension of Section 301 Tariff Exclusions for Chinese Products
The USTR extended exclusions from Section 301 tariffs for specific Chinese products under U.S. Note 20(y), applicable to goods involved in U.S.-Panama trade, valid through mid-2024 to support supply chain stability.
Date: October 5, 2023
Public Comment Period for New Exclusions on Chinese Goods
The USTR initiated a public comment period to evaluate additional tariff exclusions for Chinese products under U.S. Note 20(y), focusing on items critical to U.S.-Panama trade corridors, with decisions expected by Q1 2024.
