The EU has applied additional tariffs to a range of US goods with effect from 22 June, in response to the imposition by the US of increased tariffs on certain steel and aluminium products.
The EU has applied additional tariffs to a range of US goods with effect from 22 June, in response to the imposition by the US of increased tariffs on certain steel and aluminium products. A further set of increases is due to apply from 1 June 2021, subject to the outcome of a WTO dispute process.
The European Commission has published two lists of products to which additional tariffs will be applied:
Annex I sets out the products on which the EU will apply additional tariffs of 10% or 25% from 22 June 2018. This is in response to the US increase in tariffs of 25% on imports of certain steel products.
Annex II sets out the products on which the EU will impose maximum tariffs of 10%, 25%, 35% or 50% from 1 June 2021 or after a successful WTO dispute, whichever is sooner. This is in response to the US increase in tariffs of 10% on imports of certain aluminium products and of 25% on imports of certain other steel products.
HMRC’s Custom Handling of Import and Export Freight (CHIEF) system will automatically calculate and apply the rebalancing duty on all ‘Annex I’ goods entered to free circulation from 22 June.
For imports into the UK and for the purpose of these additional tariffs, HMRC considers the point of export to be the completion of export formalities, followed by the leaving of the territorial waters of the US. Goods exported from the US prior to 22 June 2018, including goods that were on the high seas, are exempt from these new duties.
HMRC and the department for international trade have published a note on these countermeasures at https://bit.ly/2lye0Cd.
The EU has applied additional tariffs to a range of US goods with effect from 22 June, in response to the imposition by the US of increased tariffs on certain steel and aluminium products.
The EU has applied additional tariffs to a range of US goods with effect from 22 June, in response to the imposition by the US of increased tariffs on certain steel and aluminium products. A further set of increases is due to apply from 1 June 2021, subject to the outcome of a WTO dispute process.
The European Commission has published two lists of products to which additional tariffs will be applied:
Annex I sets out the products on which the EU will apply additional tariffs of 10% or 25% from 22 June 2018. This is in response to the US increase in tariffs of 25% on imports of certain steel products.
Annex II sets out the products on which the EU will impose maximum tariffs of 10%, 25%, 35% or 50% from 1 June 2021 or after a successful WTO dispute, whichever is sooner. This is in response to the US increase in tariffs of 10% on imports of certain aluminium products and of 25% on imports of certain other steel products.
HMRC’s Custom Handling of Import and Export Freight (CHIEF) system will automatically calculate and apply the rebalancing duty on all ‘Annex I’ goods entered to free circulation from 22 June.
For imports into the UK and for the purpose of these additional tariffs, HMRC considers the point of export to be the completion of export formalities, followed by the leaving of the territorial waters of the US. Goods exported from the US prior to 22 June 2018, including goods that were on the high seas, are exempt from these new duties.
HMRC and the department for international trade have published a note on these countermeasures at https://bit.ly/2lye0Cd.
