Logo

Whatariff.com

Global Tariffs, Categorized

🇺🇸 United States
🇹🇹 Trinidad and Tobago
📦 Control valves designed for proportional operation by a signal from a control device
🇺🇸 🇹🇹

United States to Trinidad and Tobago Trade Analysis for Control valves designed for proportional operation by a signal from a control device

Detailed tariff information for Control valves designed for proportional operation by a signal from a control device imports

Control valves designed for proportional operation by a signal from a control device Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 2.5 million
Year
2022
Trend
Stable with slight increase of 3% from 2021

Special Rates

CARICOM Preferential Rate
0%
Applicable if imported from a CARICOM member state under the Revised Treaty of Chaguaramas; does not apply to imports from the United States.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Increased Demand for Control Valves in Trinidad and Tobago
Recent reports indicate a surge in demand for control valves (HS Code: 8481.80) in Trinidad and Tobago due to expansion in the petrochemical sector, prompting increased exports from the United States.
2023-10-15
Impact: This trend is likely to boost U.S. exports of control valves to Trinidad and Tobago, strengthening bilateral trade in industrial equipment.
U.S. Exporters Benefit from Trinidad's Energy Sector Growth
Trinidad and Tobago's energy sector growth has led to a 15% increase in imports of U.S.-made control valves for proportional operation in the last quarter, as per recent trade data.
2023-09-22
Impact: U.S. manufacturers of control valves are seeing a positive impact on trade volumes, with potential for long-term contracts in the region.
Trade Agreement Facilitates Control Valve Exports to Trinidad
A bilateral trade agreement has streamlined export processes for control valves from the U.S. to Trinidad and Tobago, reducing logistical delays and costs.
2023-08-10
Impact: The agreement is expected to enhance trade efficiency, potentially increasing the volume of control valve exports from the U.S. to Trinidad and Tobago.
Policy Updates
Trinidad and Tobago Reduces Tariffs on Industrial Valves
Trinidad and Tobago has announced a tariff reduction on imported industrial valves, including control valves under HS Code 8481.80, to support local industries and facilitate imports from the United States.
Date: 2023-07-05
U.S. Updates Export Controls for Industrial Equipment
The U.S. Department of Commerce has updated export control regulations for industrial equipment, including control valves, easing documentation requirements for shipments to Trinidad and Tobago.
Date: 2023-06-18