EU & US Retaliate on Duty Tariffs

Jun 27, 2018 | Global News

The EU and the US appear to be in the middle of a trade spat after both parties have been retaliating to duty increases from the other.

Last week the EU launched counter tariffs against US Exports after US President Donald Trump imposed steep duties on steel and aluminium earlier in the month.

American exports such as blue jeans, motorbikes and bourbon whiskey have been targeted and EU Trade Commissioner – Cecilia Malmstrom – commented that the EU “did not want to be in this position” adding “we are left with no other choice”.

Since the announcement , Trump has threatened to increase tariffs on European cars by 20%, in a move that could escalate into a fully blown trade war between the US and its allies in the EU.

The US dispute with the EU is by no means isolated, as Trump has been continuing to trade duty increases with China over recent months, which is largely driven by intellectual property disputes.

Terry Clear – Managing Director of Group Company Customs Insights – commented “We are continuing to see the unravelling and global significance of the two major political events in 2016 – Brexit and in this case the US Election”.

“Its unclear right now how the US dispute will effect the UK in the long run, but at this stage we are committed to the EU tariff so any increases will be applicable for the UK too”.

Customs Insights are currently assisting UK clients getting prepared for Brexit, including AEO applications and management, and a host of consultancy services.

For more information on Customs Insights consultancy services, or to discuss any customs related matters, please call 01304 211652, or email enquiries@customsinsights.co.uk

PLEASE FOLLOW US

FOLLOW US

Customs Insights

Your Customs Compliance and Duty Management Experts.

Uniserve Careers

View our careers page to find out more about a Uniserve career.

Unrivalled Ocean Freight

Unparalleled choice and flexibility are synonymous with the UK’s leading Ocean Freight provider.

Award Winning Airfreight

Our record breaking (five times) BIFA Airfreight Award winning team eagerly await your enquiries.

Premium European Services

The UK’s leading independent provides quality services to and from all major locations across Eastern and Western Europe.

Uniserve Careers

View our careers page to find out more about a Uniserve career.

Customs Insights

Your Customs Compliance and Duty Management Experts.

Keep in Touch

Please subscribe to receive a monthly newsletter of our latest news and articles.

More News…..

Samantha Celebrates 10 Years

This week Uniserve Group's Samantha Rankine will be celebrating a major milestone after serving the company loyally for the past 10 years. In July 2008, Samantha joined our award winning airfreight import department where she looks after key accounts amongst her...

Last Call for EU Customs Deal?

According to various reports this week, the EU's initial response to the 'chequers agreement' has been a polite decline of the concept, in what may be the last chance for a simplified customs deal between the UK and Europe. It has also been reported that Teresa May...

Career Opportunities with Job Feed

Our revamped careers page now includes an automated live job feed, which means would-be candidates are now able to apply for positions directly from our site. Only the most recent roles are advertised right now, but going forward new positions will be viewable on our...

Share This

Please Share This Article

It only takes a couple of clicks and it would be greatly appreciated! Many Thanks