UPDATE 10/07/2019
The USTR gave notice that there will be no exclusions for importers of the EU goods subject to the retaliatory tariffs. The effective date of October 18, 2019, is based on the date of entry and not the date of export. So, to avoid the EU tariffs, subject goods must clear Customs before 12:00 a.m., October 18. “Advanced Notice of EU Tariffs, Effective date October 18, 2019.”
Original Post 10/03/2019
The Trump administration announced yesterday (October 2nd) that it will impose new tariffs on certain European-origin imports, beginning October 18, 2019. Earlier in the day, the World Trade Organization (WTO) ruled that the U.S. could impose retaliatory tariffs on $7.5 billion in EU goods as part of a conflict over Boeing and Airbus subsidies.
While certain aircraft will be subject to 10% ad valorem import duties, the rest of the products on USTR’s list will be subject to 25% duties. Goods which will be subject to the new 25% duties include whiskeys, wine, olives, various cheeses and other dairy products, fruit, coffee, clams and other shellfish, certain metal tools and textiles.
Importers and manufacturers of goods on the USTR’s list will want to stay updated on the status of the tariffs. Previous tariff actions on Chinese-origin goods have included a procedure to request an exclusion of a particular product; although no announcements have been made yet, there may be a similar exclusion process for EU products as well.
This blog is provided for informational and educational purposes only and does not constitute legal advice, and is not intended to form an attorney-client relationship. Please contact your regular FDAImports representative for additional information.
