Analysis
HTS 8505.19.10 covers other: flexible magnets under heading 8505 (electromagnets; permanent magnets and articles intended to become permanent magnets after…).
The general duty rate is 4.9% of the customs value, which is among the highest the rates in chapter 85 (94th percentile of 624 lines with an ad valorem rate). On a shipment valued at $10,000 that is $490 in duty before any Chapter 99 additions or preference claims.
Goods that qualify under GSP, the Australia FTA, the Bahrain FTA, the Chile FTA, the Colombia TPA, and 12 others can enter duty-free instead of paying 4.9%. It is also eligible under GSP, the developing-country programme, which Congress has to renew; check whether GSP is in force on the entry date.
The column 2 rate, for countries without normal trade relations, is 45%, 9.2 times the general rate.
The other lines in the same group are 8505.19.20 (composite good containing flexible magnets, 4.9%) and 8505.19.30 (other: other, 4.9%).
Census statistics map these goods to NAICS 327110 (Pottery, Ceramics, and Plumbing Fixture Manufacturing), an industry of 575 US establishments employing 12,082 people. That concordance is how imports of this line are compared with US output.
Neighbouring lines
| Line | Description | General rate |
|---|---|---|
| 8505.19.20 | Composite good containing flexible magnets | 4.9% |
| 8505.19.30 | Other: other | 4.9% |