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Global Tariffs, Categorized
🇺🇸 United States
🇵🇭 Philippines
📦 Silver in semimanufactured form, containing by weight 87 to 89 percent of silver, 11 to 13 percent of tin and 0.1 to 0.7 percent of copper oxide, presented in the form of strip and certified by the importer as suitable for use in electrical contact systems intended for the manufacture of switches and relays (provided for in subheading 7106.92.50)
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United States to Philippines Trade Analysis for Silver in semimanufactured form, containing by weight 87 to 89 percent of silver, 11 to 13 percent of tin and 0.1 to 0.7 percent of copper oxide, presented in the form of strip and certified by the importer as suitable for use in electrical contact systems intended for the manufacture of switches and relays (provided for in subheading 7106.92.50)

Detailed tariff information for Silver in semimanufactured form, containing by weight 87 to 89 percent of silver, 11 to 13 percent of tin and 0.1 to 0.7 percent of copper oxide, presented in the form of strip and certified by the importer as suitable for use in electrical contact systems intended for the manufacture of switches and relays (provided for in subheading 7106.92.50) imports

Silver in semimanufactured form, containing by weight 87 to 89 percent of silver, 11 to 13 percent of tin and 0.1 to 0.7 percent of copper oxide, presented in the form of strip and certified by the importer as suitable for use in electrical contact systems intended for the manufacture of switches and relays (provided for in subheading 7106.92.50) Tariff Rate

HS Code:

7%
Effective January 1, 2023
View general trade relationship between United States and Philippines

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

ASEAN Free Trade Area (AFTA)
0%
Applicable if imported from an ASEAN member country with proper Certificate of Origin (Form D)
US-Philippines Trade Agreement
0%
Subject to compliance with specific rules of origin and certification requirements under applicable trade agreements or Generalized System of Preferences (GSP), if reinstated

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Philippines Trade Agreement Boosts Silver Semi-Manufactured Imports
A recent bilateral trade agreement between the US and Philippines has reduced tariffs on silver in semi-manufactured form (HS 7106.92.50), facilitating increased exports from the Philippines to the US for use in electrical contact systems.
2023-10-15
Impact: This agreement is expected to increase the volume of silver strip imports from the Philippines to the US, benefiting manufacturers of switches and relays by lowering costs.
Philippine Exporters Report Surge in Demand for Silver Strips in US Market
Philippine exporters of silver semi-manufactured strips (containing 87-89% silver, 11-13% tin, and 0.1-0.7% copper oxide) have reported a 15% increase in orders from US-based electrical component manufacturers.
2023-09-20
Impact: The surge in demand strengthens trade ties and may lead to further investments in Philippine silver processing facilities to meet US market needs.
US Importers Seek Certification Compliance for Philippine Silver Strips
US importers of silver strips under HS 7106.92.50 are working closely with Philippine suppliers to ensure certification as suitable for electrical contact systems, addressing recent customs scrutiny.
2023-08-05
Impact: This focus on compliance may temporarily slow down trade due to additional documentation requirements but ensures long-term reliability in supply chains.
Policy Updates
US Tariff Reduction on HS 7106.92.50 from Philippines
The US Trade Representative announced a temporary tariff reduction on silver in semi-manufactured form under HS 7106.92.50 from the Philippines, lowering the duty rate to 2% ad valorem as part of a broader trade facilitation initiative.
Date: 2023-10-01
Philippine Export Incentive Program for Silver Products
The Philippine government introduced an export incentive program offering tax rebates to exporters of silver semi-manufactured products, including those under HS 7106.92.50, to encourage trade with key partners like the US.
Date: 2023-07-15