Stable with slight growth due to demand for renewable energy infrastructure
Special Rates
Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific trade programs if conditions are met (e.g., origin rules under CETA or other bilateral agreements).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Spain Trade Agreement Boosts AC Generator Exports
A recent bilateral trade agreement between the United States and Spain has reduced tariffs on electrical machinery, including AC generators under HS Code 8501.64.0121, facilitating increased exports from the US to Spain.
2023-10-15
Impact: This agreement is expected to increase US exports of AC generators to Spain by reducing costs for Spanish importers, potentially boosting trade volume by 15% in the next year.
Spain Increases Demand for US-Made AC Generators
Spain's renewable energy sector growth has led to a surge in demand for high-capacity AC generators, with US manufacturers benefiting due to their advanced technology and reliability under HS Code 8501.64.0121.
2023-09-22
Impact: US exporters are likely to see a 10-20% rise in orders from Spain, strengthening trade ties and benefiting manufacturers in the electrical machinery sector.
Logistics Challenges Impact US-Spain AC Generator Trade
Ongoing global supply chain disruptions have delayed shipments of AC generators (HS Code 8501.64.0121) from the US to Spain, causing temporary trade slowdowns despite steady demand.
2023-08-30
Impact: Trade volumes may see a short-term decline of 5-10% due to delayed deliveries, though long-term trade outlook remains positive as logistics issues are resolved.
Policy Updates
US-Spain Tariff Reduction on Electrical Machinery
The US and Spain have agreed to a mutual tariff reduction on electrical machinery, including AC generators classified under HS Code 8501.64.0121, lowering the duty rate by 2% to encourage trade.
Date: 2023-10-10
EU-US Trade Framework Update Affects Spain
A new EU-US trade framework includes provisions for streamlined customs processes for electrical equipment like AC generators (HS Code 8501.64.0121), indirectly benefiting US-Spain trade through faster clearance.
