Tag: Customs
-
Three weeks into the 3 euro duty on small parcels, Brussels is squeezing the Shein and Temu pipeline while racing an October deadline to rebalance the wider China trade relationship International Trade Desk, Peacock Tariff Consulting | July 21, 2026 BRUSSELS, July 21, 2026: The most consequential customs change Europe has made in a generation…
-
From Niagara wineries to Quebec cement plants and the hockey equipment lines of small-town Ontario, Canadian industry begins a 30-day sprint to outrun a 50 percent American tariff, while importers and brokers scramble to reprice the border TORONTO, July 21, 2026 The phone calls started before the proclamations were even posted. Within hours of the…
-
Customs gridlock, cash calls and paralyzed trading mark the first week of Europe’s toughest steel import regime in a generation, as exporters worldwide confront a 50 percent duty wall BRUSSELS, July 7, 2026 One week into the European Union’s sweeping new steel import regime, the machinery built to shield the bloc’s ailing steelmakers is grinding…
-
Comment window closes on sweeping forced labor tariffs as USTR races to lock in a permanent replacement before the Section 122 surcharge expires July 24 By the US Trade Desk, Peacock Tariff Consulting WASHINGTON, July 6, 2026 The window for American businesses to shape the largest tariff action in the 52 year history of Section…
-
Europe’s flat €3 charge on low-value imports took effect July 1, closing a two-decade duty-free loophole and forcing Shein, Temu and AliExpress to rewire how China ships to the continent International Trade Desk | Peacock Tariff Consulting BRUSSELS – July 2, 2026 – The European Union has begun collecting customs duty on the billions of…
-
President Donald Trump signed an executive order titled “Strengthening Customs Enforcement.” If you import goods into the United States especially if you are a smaller business, source through a foreign supplier who acts as the importer of record, or rely on informal low-value entries this order is aimed squarely at you. It does not raise…
-
Trading with Ukraine: Customs, Duties & Compliance in a Wartime Economy Ukraine’s customs and trade environment operates under extraordinary circumstances: an active military conflict, reconstruction priorities, and unprecedented international support frameworks. For importers and exporters engaging in Ukraine trade, understanding customs procedures, duty structures, martial law trade measures, sanctions, and logistics challenges is essential. This…
-
Turkey represents a critical gateway for North American trade into Europe, the Middle East, and Central Asia. However, successfully importing into or exporting from Turkey requires mastering a complex web of customs procedures, duty calculations, VAT treatment, and special levies. This comprehensive guide covers the essential mechanics of Turkish customs operations, helping importers and exporters…
-
Serbia’s customs system, managed by the Uprava Carina, uses the EU-based Combined Nomenclature for tariff classification. Importers and exporters face customs duty rates averaging 5-6%, standard VAT of 20%, excise duties on specific goods, and comprehensive documentation requirements. Understanding electronic customs declarations, free zones, and rules of origin under multiple FTAs is essential for cost-effective…
-
Peacock Tariff Consulting Answer Capsule Iceland’s Tollstjori (Directorate of Customs) administers a complex tariff system with zero duties for EEA goods, 24% VAT on imports, and high agricultural protection. Excise taxes on vehicles, fuel, and alcohol significantly increase import costs. Proper tariff classification, temporary importation rules, and bonded warehouse knowledge can reduce costs substantially. Iceland’s…