When it comes to household handtools, one HS code that is commonly used is 82055175. This code represents base metal handtools and base metal parts thereof that are not specified elsewhere. In this article, we will explore the product description, duty rates, quantity units, and special tariff preference programs associated with this HS code.
The product description for HS Code 82055175 is "Base metal, nesoi, household handtools, and base metal parts thereof." This code encompasses various handtools made of base metals that are not classified under any other specific HS code. It includes items such as hammers, wrenches, screwdrivers, pliers, and other commonly used tools found in households.
The bound or most-favored-nation (MFN) duty rate for HS Code 82055175 is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate is applicable for imports of base metal handtools and parts from any country.
For HS Code 82055175, no units are collected (X) for quantity measurement. This indicates that the quantity of base metal handtools and parts imported under this HS code is not measured or reported using a specific unit. The absence of quantity units suggests that the focus is more on the value or monetary aspect of the imports rather than the physical quantity.
Several special tariff preference programs are available for imports under HS Code 82055175. These programs provide preferential treatment, including duty-free status, for specific countries or regions. The following special tariff preference programs apply to base metal handtools and parts:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and eligible countries by reducing or eliminating import duties on base metal handtools and parts.
HS Code 82055175 is applicable to imports and exports of base metal handtools and parts across various states in the United States. The specific states involved in importing or exporting under this HS code may vary depending on trade flows and market demand. Some of the major importing US states for base metal handtools and parts include California, Texas, New York, Illinois, and Florida. Similarly, significant exporting US states for these products may include California, Texas, Ohio, Michigan, and Pennsylvania.
Overall, HS Code 82055175 plays a crucial role in categorizing and regulating the trade of base metal handtools and parts. The associated duty rates and special tariff preference programs help facilitate international trade while ensuring fair treatment for trading partners. Importers and exporters should familiarize themselves with the requirements and benefits associated with this HS code to effectively navigate the global trade landscape.