Possible additional EU duties on products of US origin

11/06/18

In brief

The US has announced safeguard measures in the form of additional duties on imports of certain steel and aluminum products into the US, but delayed implementation for products from the EU until 1 June 2018. The EU published a counter measure, in the form of a commission implementing regulation: (EU) 2018/724. This regulation provides that the EU can impose additional duties on certain products originating in the US if the US implements the additional duties on certain steel and aluminum products. The EU’s additional duties can be applicable as early as 20 June 2018.

In detail

Products affected

The regulation states that the additional EU customs duties would apply in two stages:


1.        Duties at a maximum rate of 25% on the value of imports of the products listed in Annex I to the regulation may be applied immediately and until the United States ceases to apply its safeguard measures on products from the EU. Please find below a list of the Combined Nomenclature (CN) chapters affected, including food products, whisky, tobacco products, t-shirts, footwear, steel, aluminum and others.

Chapter 07

Chapter 22

Chapter 62

Chapter 73

Chapter 10

Chapter 24

Chapter 63

Chapter 76

Chapter 19

Chapter 33

Chapter 64

Chapter 87

Chapter 20

Chapter 61

Chapter 72

Chapter 89

 

 

 

Chapter 95


2.       Further duties at maximum rates of 10%, 25%, 35% and 50% on the value of imports of the products listed in Annex II to the regulation may be applied at a later date, but most likely as of 23 March 2021. Please find below a list of the CN chapters affected.

Chapter 20

Chapter 56

Chapter 64

Chapter 71

Chapter 84

Chapter 22

Chapter 59

Chapter 66

Chapter 72

Chapter 85

Chapter 33

Chapter 62

Chapter 69

Chapter 73

Chapter 87

Chapter 48

Chapter 63

Chapter 70

Chapter 76

Chapter 89

 

 

 

 

Chapter 94


The takeaway

It is difficult to predict what further measures the US government might adopt, but we advise companies to review the regulation annexes and assess whether these potential additional import duties could affect their imports of US origin products into the EU.

As the additional EU duties can be implemented at short notice for the stage 1 products if the US government decides to cease the postponement of additional duties on certain EU steel and aluminum products into the US, we advise companies to consider these potential additional duties, for example, when negotiating prices with potential buyers.

Contact us

Mihaela Mitroi

Partner, Tax Services, Romania

Tel: +40 21 225 3672

Ionuț Simion

Country Managing Partner, Romania

Tel: +40 21 225 3708

Daniel Anghel

Tax and Legal Services Leader, Romania

Tel: +40 21 225.3794

Diana Coroabă

Partner, Tax Services

Tel: +40 21 225 37 94

Ionuţ Sas

Partner, Tax Services, Romania

Tel: +40 21 225 3741

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