Import/Retaliatory Tariff Update

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Import/Retaliatory Tariff Update

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01-Jun-18

Import/Retaliatory Tariff Update

As previously mentioned Canada, Mexico and the EU are preparing to impose import tariffs on U.S. origin goods in response to the recent action which resulted in U.S. tariff increases on goods from these countries. Canada has put out a list of items under consideration. For those interested in the details of Canada's plans please refer this this link https://www.fin.gc.ca/activty/consult/cacsap-cmpcaa-eng.asp Meanwhile the EU has published a list of Harmonized Tariff numbers it considers equivalent to the impact of U.S. tariffs on EU goods. This list has been presented to the World Trade Organization and these items could be subject to additional duties as soon as June 20th, 2018. The full list can be found here: EU's Official Journal

Mexico has also indicated it is preparing to take similar measures on goods from the U.S. and may include products such as flat steel (hot and cold foil, including coated and various tubes), lamps, pork legs and shoulders, sausages and food preparations, apples, grapes, blueberries, various cheeses, among others, up to an amount comparable to the level of affectation," according to an nformal translation of a Mexican Ministry of Economy news release. "This measure will be in force until the U.S. government eliminates the imposed taxes."

We will continue to follow this situation and keep you advised.