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How the new US-EU tariffs impact exports

The recently announced tariffs by the US and EU, the first to be newly agreed in more than 20 years, are set to increase market access for hundreds of millions of dollars in U.S. and EU exports. 

Under the agreement, the EU will eliminate tariffs on imports of U.S. live and frozen lobster products on a Most Favored Nation (MFN) basis retroactive to begin 1 August, 2020. US exports of these products to the EU were over $111 million in 2017. 

In return, the United States will reduce its tariff rates by 50% on certain products exported by the EU worth an average annual trade value of $160 million. 

With 25 years’ knowledge in the Alaska and Pacific NW seafood export industry, we offer specialized export consultation to clients, every step of the way. Our Seattle team provides end to end service, covering cold storage, local trucking solutions and clearance/duty/EU regulation updates as well as new and personalised services, such as the SEA/EU FISH LCL CONSOL service. 

Woodland is a key global partner, providing guidance on complex moves from remote Alaska regions via barge or truck and arranging transloads and client inspection arrangements with ease of export to Asia and Europe. Strong relationships are vital to Alaska providers, suppliers and exporters in Seattle, and we connect these to build solutions that are integral to the success of our clients.  

Our UK/EU specialist reefer team are fluent in food legislation with expert knowledge in Port Health and Customs formalities. The comprehensive door to door service provides a one stop shop with a distribution reach covering the UK, the N.Continent, Scandinavia and the Mediterranean.

Ready to learn more? 

Contact us here.  

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