US-Spain Trade Agreement Boosts Electronic Component Exports
A new bilateral trade agreement between the United States and Spain has reduced tariffs on electronic components, including goods under HS Code 8533.40, made of ceramic or metallic materials reactive to temperature changes. This is expected to increase exports from the US to Spain.
2023-10-15
Impact: Positive impact on US exporters of temperature-reactive components, with reduced tariffs likely to increase trade volume to Spain.
Spain Increases Demand for US-Made Temperature Sensors
Spanish manufacturers in the automotive and industrial sectors have ramped up orders for US-made temperature-reactive components under HS Code 8533.40, citing quality and reliability as key factors.
2023-09-22
Impact: Growing demand in Spain may lead to higher US export revenues for these specialized components.
Logistics Challenges Impact US-Spain Trade of Electronic Goods
Recent shipping delays and port congestion in Spain have temporarily disrupted the flow of electronic components, including HS Code 8533.40 goods, from the US, causing minor supply chain issues.
2023-08-30
Impact: Negative short-term impact on trade due to delays, potentially increasing costs for importers in Spain.
