New Harmonized System – or HS – tariff codes debuted with the New Year in the 2017 edition of the U.S. Harmonized Tariff System – or HTS. (What’s the difference between HS and HTS? See our FAQ here. More on the rollover can be found here in our complimentary...
Will Green Energy Stoke Imports? IER Analyzes Datamyne Data
Reducing US dependence on foreign sources of energy is touted as one of the benefits of adopting wind and solar energy technologies. But, says IER, so-called green energy options require rare earth minerals and lithium for batteries, materials the US must import from...
A New HS Code for Tesla (and Other EV Makers)
Yet another sign that electric cars are catching on: A new 10-digit Harmonized Tariff System code has been established for the lithium-ion batteries used to power electrical vehicles: HS 8507.60.0010. Until now, the HS codes did not distinguish between EV batteries...
HS Tariff Codes for Tesla Products
The World Customs Organization (WCO) has proposed a set of Harmonized System (HS) tariff codes to tag and track import-export trade in hybrid, plug-in hybrid and all-electric passenger vehicles. The new codes are part of a package of amendments to the HS that is...
By the Numbers
New products in trade call for new classification codes With the New Year, an updated 2012 edition of the 6-digit Harmonized System (HS) of product classification codes overseen by the World Customs Organization (WCO) goes into effect. It’s the fourth such update, the...