The HS Code 40112050 refers to a specific product category: new pneumatic tires excluding radials, made of rubber, and specifically designed for use on buses or trucks. These tires are essential components for the transportation industry, ensuring the safe and efficient movement of goods and passengers.
When importing these tires into the United States, it is important to understand the associated regulations and trade preferences. The bound or MFN (Most Favored Nation) duty rate for HS Code 40112050 is 3.4%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for HS Code 40112050 is the number (NO), indicating that the tires are measured and sold individually.
There are several special tariff preference programs applicable to HS Code 40112050. These programs provide specific benefits and exemptions for importing countries. Here are some of the notable programs:
These special rates and programs aim to promote trade and economic relationships between the importing countries and the United States, offering lower or duty-free treatment for qualifying products.
HS Code 40112050 is imported into several states in the United States. The following states are known to import these tires:
These states recognize the importance of quality tires for buses and trucks and actively engage in importing them to meet the demands of their transportation industries.
While the data provided does not specify the exporting states for HS Code 40112050, it is worth noting that South Carolina appears multiple times in the list of importing states. This could indicate that South Carolina might also have a significant presence in terms of exporting these tires to other states or countries.
HS Code 40112050 represents new pneumatic tires excluding radials, made of rubber, and designed for use on buses or trucks. Understanding the associated regulations and trade preferences is crucial when importing these tires. The special tariff preference programs and the importing states mentioned provide valuable insights into the trade dynamics surrounding this HS code.