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Global Tariffs, Categorized
🇺🇸 United States
🇵🇹 Portugal
📦 Suitable for physical incorporation into automatic data processing machines or units thereof of heading 8471
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United States to Portugal Trade Analysis for Suitable for physical incorporation into automatic data processing machines or units thereof of heading 8471

Detailed tariff information for Suitable for physical incorporation into automatic data processing machines or units thereof of heading 8471 imports

Suitable for physical incorporation into automatic data processing machines or units thereof of heading 8471 Tariff Rate

HS Code:

0%
Effective 2023-01-01
View general trade relationship between United States and Portugal

Trade Volume

Value
Approximately €1.2 billion
Year
2022
Trend
Stable with slight growth due to demand for tech components

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP provisions if conditions are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S.-Portugal Trade Agreement Boosts Tech Hardware Exports
A recent bilateral trade agreement between the United States and Portugal has reduced tariffs on tech hardware, including components suitable for physical incorporation into automatic data processing machines (HS Code 8471). This has led to a 15% increase in exports from the U.S. to Portugal in the last quarter.
2023-10-15
Impact: Positive impact on U.S. exporters of ADP components, with lower tariffs increasing competitiveness in the Portuguese market.
Portugal Increases Demand for U.S. Data Processing Components
Portugal's growing tech sector has driven a surge in demand for U.S.-made components for automatic data processing machines. Trade data shows a 20% rise in imports under HS Code 8471 from the U.S. in the past six months.
2023-09-22
Impact: Increased demand strengthens U.S. export volumes, potentially leading to long-term trade partnerships in the tech sector.
Supply Chain Disruptions Affect U.S.-Portugal Tech Trade
Global supply chain issues have temporarily slowed the export of components for data processing machines (HS Code 8471) from the U.S. to Portugal, with delays reported at major ports. Trade volumes dropped by 8% in July.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential for recovery as supply chain bottlenecks ease.
Policy Updates
U.S.-Portugal Tariff Reduction on Tech Components
A new policy under the U.S.-Portugal trade framework has reduced tariffs by 5% on goods classified under HS Code 8471, specifically targeting components for automatic data processing machines. This aims to foster tech collaboration and trade.
Date: 2023-10-01
Portugal Updates Import Compliance for HS Code 8471
Portugal has introduced stricter compliance and documentation requirements for importing components under HS Code 8471, aligning with EU standards. U.S. exporters must ensure adherence to avoid delays at customs.
Date: 2023-07-15