Latest Tariff News

On Monday December 2, President Trump advised that his administration is considering tariffs as high as 100% on French goods in retaliation for a new Tax on digital services, greatly impacting U.S technology companies. The office of the U.S. Trade Representative deemed the tax discriminatory against U.S. companies. The estimated value of imported goods impacted could be up to $2.4 Billion U.S. and includes cheese, beauty products, handbags and certain wines.

Trump also advised new tariffs on steel (25%) and aluminum (10%) from Brazil and Argentina, in retaliation for what he claims is currency devaluation on their part. These tariffs will replace the agreed import quotas in place of duty increases of 2018.

When it comes to tariffs and duty rates, repeated change and uncertainty continue to be the norm. If you would like more information on the impact of these potential duty increases please contact Allyn International at sales@allynintl.com. 

Contributor: Matthew Dreckman 

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About Allyn International 

Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China, Prague, Czech Republic, and Dubai, U.A.E. For more information, visit www.allynintl.com.