August 17, 2020

USTR Makes Slight Revisions to Section 301 List of EU Products

In our earlier announcement in October of last year we provided the list of products affected by additional duties that were being imposed on $7.5 billion worth of EU goods as a result of the EU’s failure to fully comply with a previous WTO ruling against subsidies it provided to aircraft manufacturer Airbus. As a result of further investigations, The Office of the U.S. Trade Representative has now announced slight modifications to the list of EU goods subject to the 25 percent tariff. These tariffs will remain at 25 percent for non-aircraft products and 15 percent for certain large civil aircraft. These changes will be effect products entered or withdrawn from warehouse for consumption on or after 12:01 am EDT on Sept. 1.

A copy of the USTR notice including the revisions and affected products can be found here.

Please contact your V. Alexander account team with any questions and follow us on our website www.valexander.com for updates on this and other topics.

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October 4, 2019

The USTR has announced that effective Oct. 18^th, it will impose additional tariffs of 25 percent on more than 150 goods imported from European Union countries, as well as an additional 10 percent tariff on new aircraft from France, Germany, Spain, and the United Kingdom.

The announcement came as a result of the World Trade Organization determining that the U.S. may impose up to $7.5 billion annually in countermeasures against the EU due to its failure to fully comply with a previous WTO ruling against subsidies it provided to aircraft manufacturer Airbus.

According to the USTR, the tariffs will be applied to a range of imports from EU Member States, with the bulk of the tariffs being applied to imports from France, Germany, Spain, and the United Kingdom – the four countries responsible for the illegal subsidies.  Although USTR has the authority to apply a 100 percent tariff on affected products, at this time the tariff increases will be limited to 10 percent on large civil aircraft and 25 percent on agricultural and other products.  The U.S. has the authority to increase the tariffs at any time, or change the products affected.

The complete list of products subject to additional duties can be found here.

Please contact your V. Alexander account team with any questions and follow us on our website www.valexander.com for updates on this and other topics.