- EU Countermeasures: In response to the U.S. tariffs on steel and aluminum effective from March 12, 2025, the EU is reinstating commercial policy measures that had been suspended since 2022, targeting U.S. imports including bourbon, textiles, and certain steel and aluminum products, effective April 1, 2025.
- Expanded Tariff List: The EU has published a comprehensive document listing tariff codes for additional products valued at approximately €18 billion that may face new tariffs. This list will undergo a consultation process until March 26, 2025, before new measures are expected to be finalized in mid-April.
- Business Implications: Companies are urged to assess the potential impact of these countermeasures on their imports, ensure accurate product classifications, and consider participation in the consultation process, while exploring strategies to mitigate the effects of these tariffs on their supply chains.
Sources
Latest Posts in "European Union"
- EU Council Approves Customs Duty Cuts on Ukrainian Agri-Food Products
- EC Report: Three EU Countries Account for 75% of VAT Rate Deviations
- EU Report Reveals Major Disparities in VAT Rate Exception Applications
- Roadtrip through ECJ Cases – Focus on Place of Supply of Intra-Community Acquisitions – ”Triangulation” (Art. 42)
- Briefing document & Podcast: C-536/08 (X) and C-539/08 (Facet Trading) – No deduction on Intra-EU acquisitions taxed at the MS of identification of the purchaser, instead of the destination
