New Import Duties on Host of EU Products from Aircraft to Swiss Cheese
EFFECTIVE OCTOBER 18, 2019
The U.S. Trade Representative (USTR) continues to struggle with the European Union (EU) and certain member states over U.S. rights under the World Trade Organization. That struggle has resulted in the U.S. imposing additional duties on a host of products from an array of EU members effective October 18, 2019.
Products include aircraft from the EU’s civil aircraft industry as well as clothing, machinery, food, and alcoholic beverages. The import duties range from 10% to 25% and apply to products from most EU nations including the United Kingdom, France, Germany, and Spain.
For a complete list of the products affected and the associated nations and duties, click here.
If you have questions, contact your Berdon advisor.
Berdon LLP New York Accountants