United States to Viet Nam Trade Analysis
for Converters, ladles, ingot molds and casting machines, of a kind used in metallurgy or in metal foundries, and parts thereof
Detailed tariff information for Converters, ladles, ingot molds and casting machines, of a kind used in metallurgy or in metal foundries, and parts thereof imports
Converters, ladles, ingot molds and casting machines, of a kind used in metallurgy or in metal foundries, and parts thereof Tariff Rate
Increasing by 8% year-over-year due to growing industrial demand in Vietnam
Special Rates
Preferential Rate under US-Vietnam Bilateral Trade Agreement
0%
Applies to qualifying goods under the agreement; requires Certificate of Origin
CPTPP Rate
0%
Applies to goods meeting CPTPP rules of origin; requires relevant documentation
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Imports of Metallurgical Equipment from Vietnam
Recent trade data shows a 20% increase in imports of converters, ladles, ingot molds, and casting machines (HS Code 8454) from Vietnam to the United States in Q3 2023, driven by competitive pricing and improved manufacturing capabilities in Vietnam.
2023-10-15
Impact: This surge strengthens bilateral trade ties and may lead to further investment in Vietnam’s metallurgy equipment sector, though it could pressure US domestic manufacturers.
Vietnam Expands Production Capacity for Metal Foundry Equipment
Vietnam has seen new factories opening in Ho Chi Minh City specializing in the production of casting machines and ingot molds, targeting export markets like the US amid growing demand for affordable industrial equipment.
2023-09-22
Impact: Increased production capacity may result in higher export volumes to the US, potentially lowering costs for American buyers but raising concerns about market saturation.
During recent bilateral trade discussions, both nations emphasized cooperation in the metallurgy equipment sector, with Vietnam seeking to boost exports of HS Code 8454 products to the US market.
2023-08-10
Impact: Positive dialogue could lead to reduced trade barriers and higher export quotas for Vietnam, benefiting US industries reliant on imported equipment.
Policy Updates
US Reviews Tariffs on Vietnamese Industrial Equipment
The US Trade Representative’s office is reviewing tariff rates on industrial equipment, including HS Code 8454 items from Vietnam, as part of broader trade policy adjustments to balance domestic production and import needs.
Date: 2023-09-05
Vietnam Introduces Export Incentives for Metallurgy Equipment
The Vietnamese government has rolled out tax incentives and subsidies for exporters of metallurgy equipment, aiming to increase competitiveness in markets like the US under HS Code 8454 classifications.
