U.S. Imposed Additional Tariffs on $7.5 Billion in EU Products

On October 2, 2019, the World Trade Organization (WTO) authorized the U.S. to impose additional tariffs on approximately $7.5 billion worth of European Union (EU) goods as a result of the long-running trade dispute with the EU over its subsidies provided to Airbus. Following the WTO ruling, the Office of the United States Trade Representative (USTR) published the final list of EU products’ tariff codes, which will be subject to a duty rate of 10% or 25%, effective as of October 18, 2019.
The final list focuses on a variety of products in the EU agricultural section, including olives, wines, and cheeses from France, Germany, Spain and the United Kingdom.  USTR indicates it will provide more details of the additional tariffs in an upcoming Federal Register notice.
For more information, please contact a BDO Customs and International Trade Services professional.