Today, changes to the Harmonized Tariff Schedule of the United States (HTSUS) were announced to implement elements of the U.S.–EU Framework Agreement on Reciprocal, Fair, and Balanced Trade that adjust tariffs on certain articles that are products of the European Union. The changes are retroactive to August 1 and September 1, depending on the applicable provision.
Amendments include changes to:
- Automobiles and automobile parts subject to Section 232 auto/auto parts tariff
- Aircraft and aircraft parts
- Reciprocal tariff exemption on certain products:
- Unavailable natural resources (including cork)
- Generic pharmaceuticals, their ingredients, and chemical precursors
- Essential oils for religious purposes
Importers, please remember that you can always count on your local NNR USA team member to initiate the duty refund process for any duties that have been overpaid. We are here to support you.
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