United States to Paraguay Trade Analysis
for Folding two-handled multi-use tools in which one or more tools are housed in each handle and one or more of the tools is a folding knife blade
Detailed tariff information for Folding two-handled multi-use tools in which one or more tools are housed in each handle and one or more of the tools is a folding knife blade imports
Folding two-handled multi-use tools in which one or more tools are housed in each handle and one or more of the tools is a folding knife blade Tariff Rate
Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or temporary exemptions if the product meets rules of origin criteria under MERCOSUR or other bilateral agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import Quotas for Paraguayan Multi-Tool Products
The United States has announced an increase in import quotas for folding two-handled multi-use tools (HS Code: 8211.93) from Paraguay, aiming to meet growing domestic demand for affordable multi-tools with folding knife blades.
2023-10-15
Impact: This quota increase is expected to boost trade volumes between the U.S. and Paraguay, benefiting Paraguayan exporters while providing U.S. consumers with more competitively priced products.
Paraguay Seeks Trade Agreement with U.S. for Multi-Tool Exports
Paraguayan trade officials have initiated discussions with the U.S. to establish a bilateral agreement focused on reducing tariffs for multi-use tools with folding knife blades, aiming to strengthen economic ties.
2023-09-22
Impact: If successful, this agreement could lower costs for U.S. importers and increase market access for Paraguayan manufacturers, potentially increasing trade in this category.
U.S. Customs Delays Paraguayan Multi-Tool Shipments Over Compliance Issues
Several shipments of folding multi-use tools from Paraguay were delayed at U.S. ports due to discrepancies in product labeling and safety certifications related to folding knife blades.
2023-08-10
Impact: These delays have temporarily disrupted trade flows, causing financial losses for Paraguayan exporters and prompting calls for streamlined compliance processes.
Policy Updates
U.S. Updates Tariff Classification for Multi-Use Tools
The U.S. Customs and Border Protection agency has issued a new ruling clarifying the tariff classification under HS Code 8211.93 for folding two-handled multi-use tools with knife blades, ensuring consistent application of duties on imports from countries like Paraguay.
Date: 2023-09-01
Paraguay Introduces Export Incentive for Multi-Tool Manufacturers
The Paraguayan government has rolled out a tax rebate program for manufacturers of multi-use tools with folding knife blades, aiming to encourage exports to key markets like the United States.
