A recent bilateral trade agreement between the US and Thailand has reduced tariffs on internal combustion piston engines (50 cc to 250 cc) under HS Code 8407.32, facilitating increased exports of motorcycle engines from Thailand to the US.
2023-10-15
Impact: This is expected to increase Thai exports of small motorcycle engines to the US by 15% over the next year, benefiting Thai manufacturers and US assemblers with lower costs.
Thailand's Motorcycle Engine Production Ramps Up for US Market
Thai manufacturers have reported a 10% increase in production of internal combustion engines (50 cc to 250 cc) to meet growing demand from US motorcycle brands, supported by favorable trade terms.
2023-09-20
Impact: Strengthens supply chains for US motorcycle companies, potentially lowering retail prices for consumers, while boosting Thailand's export revenue.
US Import Surge of Thai Motorcycle Engines Under Scrutiny
A significant rise in imports of internal combustion piston engines (50 cc to 250 cc) from Thailand to the US has raised concerns among domestic producers, prompting calls for a review of trade policies under HS Code 8407.32.
2023-08-05
Impact: Potential for new tariffs or quotas if domestic pressure mounts, which could disrupt the current favorable trade flow between the two countries.
Policy Updates
US-Thailand Tariff Reduction on Small Engines
The US and Thailand have agreed to a tariff reduction from 2.5% to 1% on internal combustion piston engines with cylinder capacity between 50 cc and 250 cc (HS Code 8407.32), effective immediately, to encourage trade in motorcycle components.
Date: 2023-10-01
Thailand Updates Export Compliance for Engine Components
Thailand has implemented stricter quality control and certification requirements for exporters of internal combustion engines (50 cc to 250 cc) to ensure compliance with US safety and environmental standards under HS Code 8407.32.
