The EU Commission has decided to apply additional ad valorem customs duties as of today, 20 June 2018, on the import of various US goods into the EU.
This first stage of duties will apply at a rate of 25%. The second stage (from 23 March 2021) of ad valorem duties will range from 10% to a maximum of 50%.
Among others, products to which the additional duties will apply, are:
- Bourbon whiskey, orange juice
- Jeans, T-shirts
- Corn and other agricultural products
- Steel and industrial products
- Cosmetics, consumer goods, motorbikes and pleasure boats
The official EU statement including a complete list of HS product codes involved can be found here.