Harmonized System Codes • Schedule B • Harmonized Commodity Description

HS Code 87088016: A Comprehensive Guide to Suspension Shock Absorbers

The HS Code 87088016 refers to parts and accessories of motor vehicles classified under HS codes 8701, not elsewhere specified, and 8702-8705. Specifically, it encompasses suspension shock absorbers, excluding McPherson struts. In this article, we will delve into the details of HS Code 87088016 and explore its implications for trade and import/export activities.

When it comes to international trade, countries often impose tariffs or duties on imported goods to protect domestic industries or generate revenue. The bound or Most Favored Nation (MFN) duty rate for HS Code 87088016 is 2.5%. This means that regardless of a country's trade barriers or market openings, the duty rate remains constant.

However, several special tariff preference programs exist for this HS code, allowing certain countries to enjoy duty-free treatment. These programs include:

• Generalized System of Preferences (GSP) (duty-free treatment)
• Australia Special Rate
• Automotive Products Trade Act (APTA) (duty-free treatment)
• Bahrain Special Rate
• NAFTA for Canada (duty-free treatment)
• Chile Special Rate
• Caribbean Basin Initiative (CBI)
• Israel Special Rate (duty-free treatment)
• Andean Trade Preference Act (ATPA)
• Jordan Special Rate
• Morocco Special Rate
• NAFTA for Mexico
• Oman Special Rate
• Dominican Republic-Central American Special Rate (DR-CAFTA)
• Peru Special Rate
• Singapore Special Rate

For businesses involved in importing HS Code 87088016, it is essential to be aware of the special tariff preference programs and take advantage of them when applicable. This can significantly reduce costs and enhance competitiveness in the global market.

Now, let's focus on the United States' involvement with HS Code 87088016. The following states are major importers of suspension shock absorbers:

• Utah
• Alabama
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Michigan
• Mississippi
• Missouri
• North Carolina
• Ohio
• South Carolina
• South Dakota
• Tennessee
• West Virginia
• Oklahoma

These states play a crucial role in the importation of suspension shock absorbers, facilitating the supply chain and ensuring the availability of these components for the automotive industry.

On the other hand, the following states are major exporters of HS Code 87088016:

• Delaware
• District of Columbia
• Florida
• Georgia
• Illinois
• Indiana
• Iowa
• Kentucky
• Maryland
• Michigan
• Ohio
• Rhode Island
• South Carolina
• Tennessee
• Virginia
• Wisconsin
• Arkansas

These states contribute significantly to the exportation of suspension shock absorbers, supplying them to international markets and supporting the global automotive industry.

HS Code 87088016 encompasses suspension shock absorbers for motor vehicles. It is essential for businesses engaged in import/export activities to understand the duty rates, special tariff preference programs, and the states involved in the trade of this HS code. By leveraging the available opportunities and ensuring compliance with trade regulations, companies can thrive in the dynamic global marketplace.