On October 9, the USTR published a Notice of Determination and Action Pursuant to Section 301 in the Federal Register, which places Section 301 tariffs on a variety of products imported from certain European Union (EU) member states. These new duties were authorized by the World Trade Organization (WTO) on October 2, 2019 as a result of EU subsidies granted to Airbus. The USTR has placed an additional 10% duty on airplanes and 25% duty on other items, such as food products, machinery, and clothing. The additional duties are applicable to products that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on October 18, 2019.
For more information on how this could impact your business, contact: