Increasing due to growing demand for lithium-ion battery production in the region.
Special Rates
CARICOM Preferential Rate
0%
Applicable if imported under CARICOM trade agreements with proper documentation and origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import of Lithium Hexafluorophosphate from Trinidad and Tobago
Recent trade data shows a significant rise in U.S. imports of Lithium Hexafluorophosphate (HS Code: 282690) from Trinidad and Tobago, driven by growing demand for lithium-ion battery components.
2023-10-15
Impact: This surge strengthens bilateral trade ties and supports the U.S. battery manufacturing sector, though it may increase dependency on foreign supply chains.
Trinidad and Tobago Expands Lithium Chemical Export Capacity
Trinidad and Tobago announced investments in processing facilities to boost Lithium Hexafluorophosphate exports, targeting the U.S. market amid rising electric vehicle production.
2023-09-22
Impact: This could lead to a more stable supply for the U.S., potentially lowering costs for battery manufacturers, but may face logistical challenges.
U.S. Trade Delegation Discusses Lithium Supply Chain with Trinidad and Tobago
A U.S. trade delegation met with Trinidad and Tobago officials to secure long-term agreements for Lithium Hexafluorophosphate imports critical for renewable energy technologies.
2023-08-30
Impact: Such agreements may ensure a steady supply for U.S. industries, reducing risks of shortages, though negotiations could introduce new trade terms or tariffs.
Policy Updates
U.S. Tariff Review on Lithium Compounds
The U.S. Trade Representative announced a review of tariffs on lithium compounds, including Lithium Hexafluorophosphate (HS Code: 282690), which could affect imports from Trinidad and Tobago.
Date: 2023-10-05
Trinidad and Tobago Export Incentive Program
Trinidad and Tobago introduced a new export incentive program offering tax breaks to companies exporting lithium-based chemicals, aiming to increase trade volume with the U.S.
