June 6, 2018 – Following Canada’s countermeasures to the new US tariffs on steel and aluminum, Mexico has followed suit and announced their plans to apply tariffs on approximately $3 billion (US) worth of goods. The list of goods includes, but is not limited to pork, potatoes, apples, whiskey, cheese, and steel.
Additionally, the European Union will be imposing duties on US imports in response to the tariffs from the US on steel and aluminum. Members of the EU have given their support for the plan to enact 25% duties on approximately $3.3 billion of US exports as early as July. The list includes a wide range of items including orange juice, bourbon, jeans, motorcycles and a variety of steel products.
Buckland’s International Trade Compliance & Consulting services team are available to provide consulting and classification reviews to identify risk impact associated with the US tariffs on steel and aluminum. We welcome you to reach out to us if we can assist you with filing an exception application regarding these tariffs.
As a customer-focused company, we provide you with a single source of unmatched Customs Brokerage (Canadian, US, Mexican), Trade Managed Solutions, Freight Forwarding, Trade Technologies and Warehousing / Distribution Services. If you have questions, please reach out to Buckland today.
Buckland is pleased to share this weekly update and we hope that this information will be useful and beneficial. Each week, we will provide you with our latest helpful resources available to you, a review of the trade news headlines and important regulatory updates.