Update to New EU Tariffs Set to Begin on May 16

The European Union will implement sanctions against US products beginning on May 16th. The countermeasures include an additional customs duty of 14% on a variety of US goods - even if previously exempt from duties. There will not be a gradual increase of these additional duties but rather, an immediate implementation of the full rate. US products in transit or in customs warehouses at the date of enforcement are potentially exempt from the duties depending on the day they are registered with the relevant national customs authority. Generally, affected products include agricultural items, textiles, industrial products, electronic products, paper products, and steel but the full list of product codes can be found in the following document: http://europa.eu.int/eurlex/lex/LexUriServ/site/en/oj/2005/l_028/l_02820050201en00310040.pdf The affected products have changed since the 2003 Regulation so please be sure to refer to Regulation 171/2005. There are hundreds of product codes. We urge you to review this list. The U.S. Department of Commerce report can be found at: http://www.buyusa.gov/europeanunion/sanctions.html.

Please forward your inquiry to Laura Hayes by phone at 410-787-3953 or laurah@jsconnor.com