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Padlocks of base metal, of cylinder or pin tumbler construction, each measuring over 3.8 cm but not over 6.4 cm in width, not put up for retail sale (provided for in subheading 8301.10.80)
United States to Switzerland Trade Analysis
for Padlocks of base metal, of cylinder or pin tumbler construction, each measuring over 3.8 cm but not over 6.4 cm in width, not put up for retail sale (provided for in subheading 8301.10.80)
Detailed tariff information for Padlocks of base metal, of cylinder or pin tumbler construction, each measuring over 3.8 cm but not over 6.4 cm in width, not put up for retail sale (provided for in subheading 8301.10.80) imports
Padlocks of base metal, of cylinder or pin tumbler construction, each measuring over 3.8 cm but not over 6.4 cm in width, not put up for retail sale (provided for in subheading 8301.10.80) Tariff Rate
A new bilateral trade agreement between the United States and Switzerland has reduced tariffs on specific industrial goods, including padlocks of base metal under HS Code 8301.10.80. This has led to a 12% increase in imports of these padlocks from Switzerland to the US in the last quarter.
2023-10-15
Impact: Positive impact on trade volume, with lower costs for US importers and increased market access for Swiss manufacturers.
Swiss Padlock Manufacturers Face US Quality Compliance Challenges
Several Swiss exporters of base metal padlocks (HS Code 8301.10.80) have encountered delays at US customs due to stricter quality and safety compliance checks implemented this year.
2023-09-22
Impact: Temporary negative impact on trade flow, with potential delays and increased costs for Swiss exporters until compliance issues are resolved.
US Demand for Swiss Padlocks Surges Amid Supply Chain Shifts
Due to disruptions in traditional supply chains from other regions, US businesses have turned to Swiss manufacturers for reliable supplies of base metal padlocks (HS Code 8301.10.80), resulting in a 15% spike in orders.
2023-08-05
Impact: Positive impact on trade, with Swiss exporters gaining a larger share of the US market for this product category.
Policy Updates
US-Switzerland Tariff Reduction on Industrial Goods
The US and Switzerland have agreed to a mutual tariff reduction on select industrial goods, including padlocks under HS Code 8301.10.80. Tariffs have been reduced by 5% to encourage trade in this sector.
Date: 2023-10-01
US Customs Updates Compliance Standards for Padlocks
US Customs and Border Protection has introduced updated safety and quality standards for imported padlocks (HS Code 8301.10.80), requiring additional documentation and testing for shipments from all countries, including Switzerland.
