Earlier this week the USTR began its process under Section 301 to identify products of the EU to which additional duties may be applied until the EU removes subsidies to Airbus. The harm from the EU subsidies is estimated as $11 billion in trade each year.
You can access a preliminary list of EU products to be covered by additional duties here, released by the USTR.
US Trade Representative Robert Lighthizer said that their “ultimate goal is to reach an agreement with the EU to end all WTO-inconsistent subsidies to large civil aircraft. When the EU ends these harmful subsidies, the additional U.S. duties imposed in response can be lifted.”
Read official announcement here.
Contact us so our Customs team can advise if you will get hit with these tariffs or not.
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FREE RESOURCES: if you are among the ones affected by 2018 rounds of tariffs, these are a couple of resources that may help you:
[Webinar] Talking Tariffs: 7 Strategies to Mitigate Costs
A valuable webinar with our supply chain consultant, John Stewart, and our CEO, Les Brand, explaining the trade war, retaliations, and the "new" NAFTA.
[E-book] Taking Tariffs: 7 Strategies to Mitigate Costs
A complete e-book developed to assist supply chain and logistics professional learn how they can better manage the outcomes of the trade war (with actionable items!).
[E-book] Sourcing: A Guide for Tariff Impact
Sourcing has become a strong strategy to fight the trade war, but it's not a simple one and you have to make sure you are being compliant and following the law.