- The European Commission has announced import tariffs ranging from 10% to 25% on various American products as a countermeasure to the US’s 25% tariffs on steel and aluminum implemented last month, with the first duties set to take effect on April 15, 2025.
- The tariff list includes products like motorcycles, soybeans, and beauty items, with American whiskey initially included but later removed to avoid potential retaliatory tariffs on European alcohol.
- The European Commission aims for negotiations with the US to resolve trade tensions, stating that the tariffs can be suspended if a fair agreement is reached; however, if no response is received, most tariffs will be enforced by mid-May, impacting a total value of 21 billion euros.
Source Taxlive
Latest Posts in "European Union"
- Roadtrip through ECJ Cases – Focus on ”Place of supply of Goods – Chain Supplies” (Art. 32)
- EU Must Intensify Efforts Against Tax Fraud and Corruption, Says Chief Prosecutor
- Complex Interplay: Transfer Pricing and VAT Challenges for Multinational Corporations in the EU
- Complex Interplay: Transfer Pricing and VAT Challenges for Multinational Corporations in the EU
- German E-Commerce Group Achieves Multi-Country VAT Compliance Post-OSS Suspension with hellotax Support
