Advisory - US Import Tariffs

The retaliatory action originally dates back to 2004, when the U.S. filed a case with the WTO, alleging that Airbus — an aerospace corporation jointly owned by France, Germany, Spain and Britain — had received $22 billion in government subsidies. A year later, the EU initiated a counter case, wherein it alleged that Boeing, a direct competitor of Airbus, had received $23 billion in subsidies from the U.S.A.

This round of tariffs will apply to any goods destined for the EU that left the US after 10th November 2020. They apply to a number of goods including:

• Food items (including fresh and frozen fish, fresh and dried fruits and vegetables, cocoa powder and chocolate, nuts and seeds)

• Beverages (including orange juice and grapefruit juice, spirits and alcohol)

• Polymers

• Suitcases and handbags

• Shovel loaders and tractors

• Exercise equipment 

Full details can be found HERE.