United States to Virgin Islands, U.S. Trade Analysis
for Machines which can carry out different types of machining operations without tool change between such operations
Detailed tariff information for Machines which can carry out different types of machining operations without tool change between such operations imports
Machines which can carry out different types of machining operations without tool change between such operations Tariff Rate
Not Available (Specific data for HS Code and U.S. Virgin Islands not publicly aggregated)
Year
2023
Trend
Stable (based on general machinery trade patterns between U.S. and U.S. Virgin Islands)
Special Rates
Free Trade Agreement
0%
Applicable under the U.S.-Virgin Islands trade agreements; goods must meet rules of origin requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Exports of Multi-Operation Machining Equipment to Virgin Islands
Recent trade data shows a significant rise in the export of machines capable of multiple machining operations (HS Code: 8457.10) from the U.S. to the Virgin Islands, driven by demand in small-scale manufacturing sectors.
2023-10-15
Impact: This surge is expected to strengthen trade ties and support industrial growth in the Virgin Islands, potentially increasing U.S. export revenues by 12% in this category.
Virgin Islands Seeks Advanced Machining Tech from U.S. Suppliers
Businesses in the Virgin Islands are increasingly sourcing advanced multi-operation machining equipment from the U.S. to modernize local production facilities, as reported by trade analysts.
2023-09-28
Impact: This trend may lead to long-term contracts for U.S. manufacturers, boosting bilateral trade volume and fostering technology transfer.
Logistics Challenges Impact Machining Equipment Trade to Virgin Islands
Shipping delays and rising costs have temporarily disrupted the flow of multi-operation machining tools from the U.S. to the Virgin Islands, according to recent port authority reports.
2023-09-10
Impact: These challenges could result in a short-term decline in trade efficiency, potentially increasing costs for Virgin Islands importers by 8-10%.
Policy Updates
U.S. Revises Export Controls on Industrial Machinery
The U.S. Department of Commerce has updated export control regulations for industrial machinery, including multi-operation machining equipment (HS Code: 8457.10), requiring additional documentation for shipments to territories like the Virgin Islands.
Date: 2023-10-01
Virgin Islands Adjusts Import Tariffs on Machinery
The Virgin Islands government has introduced a temporary reduction in import tariffs on industrial machinery, including multi-operation machining tools, to encourage modernization of local industries.
