The European Commission annouced this morning retaliatory measures on US goods in reaction to the US tariffs on steel and aluminium.
On 1st April, the reimposition of suspended measures from 2018 and 2020 including corn and rice products is expected.
2020
eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32020R0502
There is a NEW draft list attached which is now open to consultation for two weeks until 26th March after which the list must be agreed by member states The new package of additional measures targets agricultural products including: rice, barley, rye, durum wheat, oats, spices, soybeans, oils, beet pulp etc please refer to complete list attached. Expected entry into force mid April.
EU Consultation survey:
Information gathering notice under Regulation (EU) No 654/2014 on the new US tariffs on steel and aluminium products, and possible EU rebalancing measures in response - European Commission
Gafta will send further information in due course.
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