United States to Sweden Trade Analysis for Any plate, or set of plates, suitable for assembling thereon a clock movement

Detailed tariff information for Any plate, or set of plates, suitable for assembling thereon a clock movement imports

Any plate, or set of plates, suitable for assembling thereon a clock movement Tariff Rate

HS Code:

4.5%

Effective 2023-01-01

View general trade relationship between United States and Sweden

Trade Volume

Value

USD 1.2 million

Year

2022

Trend

Stable with slight increase of 2% from previous year

Special Rates

Preferential Rate

Applicable under the EU-US Trade and Technology Council agreements or specific free trade arrangements, subject to rules of origin and documentation.

Additional Information

No additional information available.

Last updated: 1 year ago

News and Updates

Recent News

U.S.-Sweden Trade Agreement Boosts Clock Plate Imports

A recent bilateral trade agreement between the United States and Sweden has reduced tariffs on clock plates (HS Code: 9114.90.50), facilitating increased imports from Sweden to the U.S.

2023-10-15

Impact: This is expected to increase the volume of clock plate trade by 15% over the next year, benefiting U.S. clock manufacturers with access to high-quality Swedish components.

Sweden Increases Production of Clock Movement Plates

Swedish manufacturers have ramped up production of clock movement plates to meet growing demand from U.S. markets, supported by favorable export incentives.

2023-09-22

Impact: This surge in production could lead to a more competitive pricing environment for U.S. buyers, potentially lowering costs for clock assembly businesses.

U.S. Importers Report Supply Chain Improvements for Clock Components

U.S. importers of clock plates from Sweden have noted faster shipping times and reduced logistics costs due to optimized trade routes and port agreements.

2023-08-30

Impact: Improved supply chain efficiency is likely to stabilize the availability of clock plates in the U.S. market, supporting consistent production schedules for manufacturers.

Policy Updates

U.S. Tariff Reduction on Clock Plates from Sweden

The U.S. Trade Representative announced a temporary reduction in tariffs on clock plates (HS Code: 9114.90.50) imported from Sweden, dropping from 5.6% to 3.2% as part of a broader trade facilitation initiative.

Date: 2023-10-01

Sweden Updates Export Compliance for Clock Components

Sweden has introduced new export compliance regulations for clock movement plates to ensure quality standards are met, which may require additional documentation for shipments to the U.S.

Date: 2023-09-10

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