The Court of International Trade (CIT) has recently announced a class action for IEEPA refunds. On October 8, the CIT said the class action will allow refunds to importers who imported cargo under the now-illegal International Emergency Economic Powers Act (IEEPA)...
Transportar mercancías a nivel internacional puede implicar procesos muy diferentes según el tipo de carga que se necesite movilizar. Enviar una caja al extranjero mediante una empresa de mensajería es un proceso. Trasladar pallets, maquinaria, un contenedor...
Elegir el agente de aduanas adecuado es una decisión importante para cualquier empresa o persona que importe mercancías a Estados Unidos. Su agente de aduanas puede ayudarle a preparar su declaración de aduanas, clasificar sus productos, calcular los aranceles,...
Shipping goods internationally can mean very different things depending on what you are moving. Sending a box overseas with a parcel carrier is one process. Moving pallets, machinery, a full container, or commercial inventory between countries involves freight...
We’ve only recently seen the European Union’s first written response on retaliatory measures. The European Union has warned the U.S. that if it imposes tariffs on the automotive industry, it will not only hurt the U.S. economy, but the EU will also impose its own taxes.
Initially, the taxes they announced would target products worth about $3.2 billion. The goods include motorcycles, boats, whiskey, and peanut butter. This was only enforced after the U.S. announced taxes on imported steel and aluminum products. If the tariffs go through, the U.S. can expect to feel the repercussions, too.
The United States and the European Union trade just over $1.2 trillion each year in goods and services. The second round of 160 products of American exports includes sunbeds, paper towels, corduroy pants, and porcelain tableware. Those goods are expected to be worth $4.3 billion a year and could be next on the chopping block if nothing is resolved quickly. Other exports like jeans and bourbon will face a 25% tariff from the EU along with cranberries, orange juice, sweetcorn, and peanut butter.
The repercussions of the ongoing disagreements between the U.S. and the European Union would include harm to trade, growth, and jobs in the U.S. and abroad. EU Trade Commissioner Cecilia Malmström says the EU isn’t seeking issues with the United States; it is merely responding to what Trump is announcing from Washington, D.C.
The EU could retaliate against U.S. products worth up to $300 billion. The U.S. automotive sector could lose 4 million jobs. A meeting is set to take place with the EU Commission President traveling to Washington, D.C., organized by the Department of Commerce on July 19th.
Experts within the industry have warned that the European Union’s retaliation tactics could encourage Trump’s administration to strike with more taxes, resulting in another round of escalation. Relations between the U.S. and the European Union could ripple through trade, growth, and jobs in the United States.
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