On October 2, 2019 the World Trade Organization (WTO) arbitrator ruled the U.S. may impose retaliatory tariffs on $7.5bn of goods it imports from the European Union (EU).
The U.S. plans to impose tariffs on European Union goods including aircraft and agricultural products in alignment with the World Trade Organization (WTO) ruling. The USTR released a list Wednesday of products it plans to target. The duties would take effect Oct. 18. The duties include:
- 10% tariffs on aircraft from France, Germany, Spain or the United Kingdom
- 25% duties on single-malt Irish and Scotch whiskies, various garments and blankets from the U.K.
- 25% tariffs on coffee and certain tools and machinery from Germany
- 25% duties on various cheeses, olive oil and frozen meat from Germany, Spain and the U.K.
- 25% tariffs on certain pork products, butter and yogurt from multiple countries
The U.S. Trade Representative published on its website a final list of products on which additional duties will be assessed after official legal notice in the Federal Register.
There are 15 lists of HTS numbers affected, with each list assigned to certain countries. Also impacted are certain apparel, blankets, and bed linens from the UK; and tools, books, pictures, and self-propelled machinery from the U.K. and Germany.
Please be sure to contact your Schenker brokerage office as soon as possible if you believe your products are impacted by these additional tariffs.