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Global Tariffs, Categorized
🇺🇸 United States
🇹🇨 Turks and Caicos Islands
📦 Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included
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United States to Turks and Caicos Islands Trade Analysis for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included

Detailed tariff information for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included imports

Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included Tariff Rate

HS Code:

0%
Effective January 1, 2023
View general trade relationship between United States and Turks and Caicos Islands

Trade Volume

Value
Approximately USD 500,000
Year
2022
Trend
Stable with slight increase due to growing demand for tech equipment

Special Rates

Preferential Rate
N/A
No preferential rates applicable as Turks and Caicos Islands does not have specific trade agreements with the United States for this HS Code.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Export of Data Processing Machines to Turks and Caicos
The United States reported a significant uptick in exports of Automatic Data Processing Machines (HS Code: 8471) to Turks and Caicos Islands, with a 20% increase in shipments compared to the previous quarter, driven by rising demand for tech infrastructure.
2023-10-15
Impact: This surge strengthens trade ties and supports the tech sector in Turks and Caicos, potentially leading to increased bilateral trade in related services and maintenance.
Turks and Caicos Implements New Import Standards for Data Machines
Turks and Caicos introduced stricter compliance requirements for imported data processing units and magnetic readers from the US, focusing on energy efficiency and data security standards.
2023-09-22
Impact: US exporters may face delays or additional costs to meet these new standards, potentially affecting the volume of trade in the short term.
Trade Agreement Discussions Include Tech Equipment
Recent bilateral talks between the US and Turks and Caicos highlighted the inclusion of Automatic Data Processing Machines in potential trade agreements to facilitate smoother export-import processes.
2023-08-10
Impact: If finalized, this could reduce tariffs and non-tariff barriers, boosting the trade of data processing equipment between the two regions.
Policy Updates
Turks and Caicos Updates Import Tariffs on Data Processing Equipment
Turks and Caicos revised its tariff structure for HS Code 8471, increasing duties by 5% on certain categories of data processing machines to protect local markets while maintaining exemptions for specific high-demand units.
Date: 2023-09-01
US Export Control Adjustments for Tech Equipment
The US Department of Commerce updated export controls for data processing machines, requiring additional licensing for shipments to certain Caribbean nations, including Turks and Caicos, to address national security concerns.
Date: 2023-07-15