The HS Code 87089923 refers to parts and accessories, not elsewhere specified, of tractors suitable for agricultural use. This code is used to classify and identify these specific products for import and export purposes. In this article, we will provide a comprehensive overview of the product description, duty rates, special tariff preference programs, and the importing and exporting US states associated with this HS code.
The HS Code 87089923 covers various parts and accessories that are specifically designed for tractors used in agricultural applications. These components play a crucial role in enhancing the performance, functionality, and safety of agricultural tractors. Examples of such parts and accessories may include but are not limited to:
These parts and accessories are essential for maintaining and repairing agricultural tractors, ensuring their optimal functioning and longevity. They contribute to the overall efficiency and productivity of agricultural operations.
Under the general principles of international trade, 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 concept is known as the Most Favored Nation (MFN) principle. As a result, the bound or MFN duty rate for HS Code 87089923 is free. It means that countries must apply zero or no duty when importing or exporting these parts and accessories for agricultural tractors.
Moreover, several special tariff preference programs further facilitate trade and offer duty-free treatment for the products falling under HS Code 87089923. The eligible programs include:
These special rates aim to promote international trade, encourage economic cooperation, and provide preferential treatment for specific countries or regions.
When it comes to the trade of products classified under HS Code 87089923, certain US states are actively engaged in importing and exporting. The following states are prominent importers of these parts and accessories:
On the other hand, the following states are major exporters of these parts and accessories:
These states play a crucial role in the import and export activities related to HS Code 87089923. The trade of these parts and accessories contributes to the growth and development of the agricultural machinery sector in the United States.
HS Code 87089923 represents parts and accessories for tractors suitable for agricultural use. These components are essential for maintaining, repairing, and improving the performance of agricultural tractors. The duty rates associated with this HS code are generally free, promoting free trade and market access. Additionally, various special tariff preference programs provide duty-free treatment for these products. The import and export activities related to HS Code 87089923 are significant in several US states, contributing to the agricultural machinery sector's growth and the overall economy.