Part four of our Brexit guidance series explores the UK legislation that is in place to manage the ongoing trade conflicts with the US on steel, aluminium and aircraft tariffs as detailed in the Customs (Import Duty Variation) (EU Exit) Regulations 2020.
The legislation results in numerous tariff codes having a retaliatory additional duty applied for goods of US origin, regardless of where they are shipped from. The duties range from 7% – 25% depending on the tariff code.
Our advice is to regularly review tariff codes for upcoming shipments with goods of US origin to identify any goods affected by these retaliatory measures. Get in touch at info@lscustoms.com and we can help to guide you through the process.
