The HS Code 75089050 refers to Nickel and articles of nesoi. This code is used to classify and identify these specific goods in international trade. Understanding the HS code is important for importers, exporters, and customs officials to ensure smooth and accurate trade transactions.
Nickel is a versatile metal that is widely used in various industries, including aerospace, automotive, electronics, and construction. It is known for its corrosion resistance, high melting point, and strength. Articles of nesoi refer to nickel products that are not classified under any other specific HS code.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) duty rate for HS Code 75089050 is 3%. 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. This ensures fair and equal treatment in international trade.
The quantity unit for this HS code is kilograms (KG). This unit of measurement is commonly used to determine the weight of the nickel or nickel articles being imported or exported.
There are also special tariff preference programs available for HS Code 75089050. These programs provide certain countries with preferential treatment or duty-free access to the US market. The countries eligible for these special rates include:
When importing HS Code 75089050 into the United States, the following states are known to be major importers:
On the other hand, the following states are major exporters of HS Code 75089050 from the United States:
Understanding the HS Code 75089050 and its associated data is crucial for international trade and customs compliance. Importers and exporters should familiarize themselves with the duty rates, special tariff preference programs, and the states involved in the trade to ensure smooth and efficient transactions.