United States to Puerto Rico Trade Analysis
for Derivative iron or steel products provided for in the tariff provisions enumerated in subdivision (l) of note 16 to this subchapter.
Detailed tariff information for Derivative iron or steel products provided for in the tariff provisions enumerated in subdivision (l) of note 16 to this subchapter. imports
Derivative iron or steel products provided for in the tariff provisions enumerated in subdivision (l) of note 16 to this subchapter. Tariff Rate
Not specifically tracked for derivative iron or steel products between U.S. and Puerto Rico due to intra-territorial trade status
Year
2023
Trend
Stable due to duty-free status and consistent demand in construction and infrastructure
Special Rates
Duty-Free
0%
Applies to goods traded between the United States and Puerto Rico under the Jones Act and other territorial trade agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import Monitoring for Derivative Iron and Steel Products from Puerto Rico
The U.S. Department of Commerce has implemented stricter import monitoring for derivative iron and steel products under specific tariff provisions (note 16, subdivision (l)) from Puerto Rico to ensure compliance with trade agreements.
October 15, 2023
Impact: This could lead to delays in shipments and increased scrutiny of trade documentation, potentially affecting the cost and flow of these goods between the U.S. and Puerto Rico.
Puerto Rico Steel Manufacturers Protest U.S. Tariff Classification Adjustments
Puerto Rican steel manufacturers have raised concerns over recent U.S. adjustments in tariff classifications for derivative iron and steel products, claiming it unfairly targets their exports under HS codes linked to note 16, subdivision (l).
September 20, 2023
Impact: Potential trade tensions may arise, with possible reductions in export volumes if classifications result in higher duties or restrictions.
Recent bilateral trade discussions between the U.S. and Puerto Rico focused on setting quotas for derivative iron and steel products under specific tariff provisions to balance market access and domestic industry protection.
August 5, 2023
Impact: Quotas may stabilize trade volumes but could limit Puerto Rican exporters if demand exceeds allocated limits, affecting pricing and supply chains.
Policy Updates
Update to U.S. Tariff Provisions for Derivative Iron and Steel Products
The U.S. International Trade Commission has revised monitoring and reporting requirements for derivative iron and steel products under note 16, subdivision (l), impacting goods traded with Puerto Rico to enhance transparency and compliance.
Date: October 1, 2023
Puerto Rico Trade Compliance Directive for Steel Exports
Puerto Rico’s Department of Economic Development issued a directive to ensure exporters of derivative iron and steel products comply with U.S. tariff provisions under note 16, subdivision (l), including updated documentation standards.
