Tag: Customs Duties
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CETA: The Complete Guide to Canada-EU Trade Answer Capsule CETA (Comprehensive Economic and Trade Agreement) between Canada and the EU has been provisionally applied since 2017, eliminating tariffs on 98% of goods and opening services and government procurement markets. While not yet fully ratified by all EU member states, CETA provides Canadian exporters significant advantages…
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Peacock Tariff Consulting Answer Capsule: The European Union’s sanctions and export control framework has dramatically expanded since 2022, affecting any business trading with or within the EU. This guide covers the key EU sanctions regimes (Russia, Belarus, Iran, North Korea, Myanmar), the Russian sanctions packages (14+ rounds), dual-use goods regulations, screening obligations for exporters and…
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Peacock Tariff Consulting Answer Capsule: The Harmonized System (HS) is an international classification framework for goods administered by the World Customs Organization. Correct HS code classification is critical for UK and EU importers because it determines duty rates, eligibility for preferential trade agreements, and regulatory compliance. This guide explains the 6-digit international standard, national extensions…
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Peacock Tariff Consulting Navigating Global Trade Regulations Quick Summary UK Freeports are special economic zones established since 2021 that offer significant tariff, tax, and customs benefits to businesses engaged in trade, manufacturing, and value-added operations. This guide explains how the 12 UK Freeports (8 English, 2 Scottish, 2 Welsh) work, their duty deferral and exemption…
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Peacock Tariff Consulting Navigating Global Trade Regulations Quick Summary Rules of origin determine where goods originate and are essential for UK exporters to qualify for preferential trade benefits post-Brexit. This guide covers what rules of origin are, how to determine origin under various UK trade agreements, required documentation (EUR.1 forms and origin declarations), common mistakes,…
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Anti-dumping duties and countervailing duties are trade remedies that governments impose to protect domestic industries from unfair import practices. Dumping occurs when a company exports products at prices below fair market value, typically to gain market share or offload excess inventory. Countervailing duties (CVDs) are imposed to offset subsidies provided by foreign governments to exporters.…
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EU-US trade relations in 2026 reflect a fundamental shift in trade policy and an escalation of tariff tensions that directly impact European businesses. The relationship between the world’s two largest economic blocs is no longer governed by traditional free trade principles. Instead, the EU faces a complex patchwork of US tariffs, retaliatory duties, and trade…
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The EU Carbon Border Adjustment Mechanism (CBAM) is a tariff-like duty imposed on certain carbon-intensive products imported into the European Union. Effective from January 1, 2026 (following a transitional period from 2023-2025), CBAM applies to imports of cement, iron and steel, aluminum, fertilizers, electricity, and hydrogen based on embedded carbon content. For North American exporters…
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Peacock Tariff Consulting specializes in helping European businesses navigate the complex world of North American tariffs, trade regulations, and duty optimization. With over 20 years of experience in customs compliance, tariff strategy, and cross-border operations, Kyle Peacock and his team provide authoritative guidance to EU importers, exporters, and manufacturers facing escalating US tariff regimes, reciprocal…
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Section 232 of the US Trade Expansion Act of 1962 authorized the US President to impose tariffs on products deemed necessary for national security. In March 2018, President Trump invoked this authority to impose 25% tariffs on steel imports and 10% tariffs on aluminum imports, tariffs that remain in effect today. For UK manufacturers and…