Dismantling a Ticking Time Bomb for Trans-Atlantic Trade, EU Suspends Retaliatory Tariffs on U.S.-Origin Goods
By EsqSocial Corporation 19/05/21
On May 17, 2021, the European Union announced a temporary suspension of $3.8 billion worth of retaliatory tariffs on U.S. goods that were to go into effect on June 1, 2021. The announcement directly impacts a wide range of U.S. goods — including iron and steel products; apparel, textile, and footwear; and agricultural products — all of which would have been subject to additional ad valorem duties ranging from 10% to 50%....
By: Faegre Drinker Biddle & Reath LLP