Global Trade Alert Message:
Nearly a hundred additional products with a trade value of about $4 billion have been added to a list of goods imported from the European Union that could be subject to additional tariffs in a long-running dispute over aircraft subsidies. In April, the office of the U.S. Trade Representative (USTR) issued a preliminary list of EU goods to which additional tariffs of up to 100 percent may be applied once the arbitrator determines a final retaliation amount. This preliminary list includes 317 tariff lines when imported from any of the 28 EU member states as well as nine tariff lines covering helicopters, aircraft, and aircraft parts when imported from France, Germany, Spain, or the United Kingdom.
A public hearing on these additional products will be held August 5th and written comments are also due on that date. The USTR is specifically interested in which products should be subject to increased tariffs, the level of any such increase, and whether higher tariffs on particular products might have an adverse effect on U.S. stakeholders, including small businesses and consumers. Importers of these goods should consider taking proactive measures to mitigate the impact of any potential tariff increase, such as working to have their products omitted from the final list or considering alternative sourcing locations.
The full HTS list can be found on the Federal Register here: www.federalregister.gov/docs/EU-tariffs