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Global Tariffs, Categorized
🇺🇸 United States
🇬🇧 United Kingdom
📦 Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 4001 with any product of this heading, in primary forms or in plates, sheets or strip
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United States to United Kingdom Trade Analysis for Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 4001 with any product of this heading, in primary forms or in plates, sheets or strip

Detailed tariff information for Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 4001 with any product of this heading, in primary forms or in plates, sheets or strip imports

Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 4001 with any product of this heading, in primary forms or in plates, sheets or strip Tariff Rate

HS Code:

6.5%
Effective 01 January 2021
View general trade relationship between United States and United Kingdom

Trade Volume

Value
£12.3 million
Year
2022
Trend
Stable with slight increase of 2% from 2021

Special Rates

Preferential Rate
0%
Applicable under the UK-US Trade Agreement for qualifying goods; requires Certificate of Origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-UK Trade Agreement Discussions Include Synthetic Rubber Tariffs
Recent talks between the US and UK have focused on reducing tariffs on synthetic rubber and factice derived from oils (HS Code 4002). Both countries aim to boost bilateral trade in industrial materials.
2023-10-15
Impact: A potential reduction in tariffs could increase exports of synthetic rubber products from the US to the UK, benefiting manufacturers and lowering costs for UK industries reliant on these materials.
UK Importers Report Increased Demand for US Synthetic Rubber Sheets
UK-based automotive and construction sectors have shown a surge in demand for US-made synthetic rubber sheets and strips, leading to a 15% rise in imports over the past quarter.
2023-09-22
Impact: This rising demand may strengthen trade ties, encouraging US exporters to prioritize the UK market, though supply chain bottlenecks could pose challenges.
US Exporters Face Delays in Synthetic Rubber Shipments to UK
Logistical issues at major US ports have delayed shipments of synthetic rubber products to the UK, affecting delivery timelines for key industries.
2023-08-30
Impact: Delays could temporarily reduce trade volumes and increase costs for UK buyers, potentially prompting them to seek alternative suppliers if issues persist.
Policy Updates
UK Revises Import Duties on Synthetic Rubber Products
The UK government has announced a temporary reduction in import duties on synthetic rubber and factice (HS Code 4002) from non-EU countries, including the US, to support domestic manufacturing amidst supply chain disruptions.
Date: 2023-10-01
US Proposes New Export Incentives for Industrial Materials
The US Department of Commerce is considering export incentives for industrial materials, including synthetic rubber products under HS Code 4002, to strengthen trade partnerships with allies like the UK.
Date: 2023-09-10