Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Potential retaliatory EU tariffs on US fastenersYou are the 491611 visitors
Views:855   |   recommendation:   |   Votes:0   |   Discuss:0
Potential retaliatory EU tariffs on US fasteners

The European Commission has published a ten-page provisional list of products Europe imports from the United States, on which it is threatening to apply 25% import duties unless the EU is exempted from steel and aluminium duties imposed by President Trump. The list includes some fastener tariff codes.

The Commission has asked for stakeholder views on the list of tariff codes, Part A of which covers EU imports from the United States worth €2.8 billion annually. After notification to the WTO, retaliatory EU tariffs could be applied to this part of the list at any time. Part B of the list could be implemented after three years or when the WTO rules the US duties illegal under international trade laws. This would bring the total of potential retaliatory tariffs to €6.4 billion, the value of US steel and aluminium imports from the EU.

The ten-page list includes a diverse range of products from peanut butter and orange juice, to steel and steel products. Buried in Part A are seven tariff codes for fasteners: 73181410, 73181491, 73181499, 73181640, 73181660, 73181692, 73181699. The products involved include self-tapping screws, spaced thread screws, blind rivet nuts, self-locking nuts and nuts.

According to the US National Fastener Distributors Association, and lawyers working for the country’s largest master distributor, Brighton Best International, the US duties on steel and aluminium do not affect imports of finished fastener products.

Significantly, the list has been published just ahead of a meeting scheduled between EU Trade Commissioner Cecilia Malmström, and US Commerce Secretary Wilbur Ross. President Trump has said Secretary Ross would lead efforts to remove EU tariffs and barriers, which he described as “horrific” and unfair to US farmers and manufacturers. Reuters quotes a Commission spokesperson as rejecting as unacceptable US attempts to link a solution to market access or trade negotiations, emphasising that the EU would not negotiate on exemption under these terms.

The Commission is requesting stakeholder comments on the list by 26th March. The full list can be accessed at:
/upload_files/News/News_4892_20180320.pdf

Source: Fastener + Fixing Magazine

2018/3/20 16:15:00

Previous:    More policies expected to foster growth of green vehicles
        Next:    U.S. Fed raises interest rates, signals two more rate hikes in 2018

Recent Related News
US Ports Fear Tariffs Could Reduce Ship Traffic and Jobs--2018-09-03
US, China raise tariffs in new round of trade dispute--2018-08-24
US Firms to Trump: Don't Raise Tariffs on More Chinese Goods--2018-08-22
China plans tariffs on $60bn of US goods, including fasteners--2018-08-14
US Hikes Section 301 Tariff On Chinese Goods to 25%, Including Fasteners--2018-08-08
Backing Off Auto Tariffs, US And EU Agree To More Talks--2018-07-30
US proposes tariffs on $200 billion more in Chinese imports--2018-07-11
RUSSIA LAUNCHES TARIFFS ON U.S. AS KREMLIN CALLS TRUMP’S MOVE ‘PROTECTIONIST’--2018-07-09
US Chamber of Commerce launches campaign against Trump's tariffs--2018-07-03
Canada Tariffs On US Goods From Ketchup To Lawn Mowers Begin--2018-07-03
Largest US nail manufacturer ‘on the brink of extinction’ because of the steel tariffs--2018-06-28
EU applies retaliatory tariffs on US fastener imports--2018-06-25

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener7fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•Vietnam Manufacturing Expo, Aug 8-10, Hanoi, Vietnam

•Fastener Shanghai 2018 - Shanghai Fastener & Tech Show, Sept 26-29, 2018, Shanghai, China

•M-Tech Osaka, Oct 3-5, 2018, Osaka, Japan



Show Room



Offer Product

Latest News
• China will buy 7,690 planes over 20 years, Boeing says

• Taiwan's Fastener Exports Set Record High in H1

Buyers' Guide
Company News

• Dongtai Huawei to Exhibit at Canton Fair 2018 Spring Session, Booth No.15.3H26, Welcome to Visit Us!

• Dongtai Huawei to Attend Korea 2017 Metal Week, Booth No. 8a103, Welcome to Visit Us!

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener