Tag: Duties

  • 25% on Brazil

    The United States finalizes sweeping Section 301 duties on Brazilian goods, the first pillar of a rebuilt tariff wall, as Brasilia weighs retaliation and importers race a July 22 deadline WASHINGTON, July 18, 2026 The United States will begin collecting a 25 percent tariff on thousands of Brazilian goods on Tuesday, July 22, after the…

  • Seoul Tube Duty

    South Korea extends its provisional anti-dumping duty on Thai seamless copper tubes, the newest move in an East Asian trade defence wave that now runs from copper piping to stainless steel coil. SEOUL, July 20, 2026. South Korea’s Ministry of Economy and Finance on Monday extended the provisional anti-dumping duty on seamless copper tubes and…

  • U.S. Finalizes Steep Duties on Mexican, Thai and Vietnamese Intermodal Chassis

    U.S. Finalizes Steep Duties on Mexican, Thai and Vietnamese Intermodal Chassis

    The United States has finalized antidumping and countervailing duties on imported intermodal chassis and subassemblies from Mexico, Thailand and Vietnam, ending an 18-month trade-remedy fight that pitted domestic equipment makers against fast-growing overseas suppliers and that will reshape the economics of one of trucking’s most essential, and most overlooked, pieces of hardware. In a split…

  • Importing & Exporting with Iceland: Duties, VAT & Customs Guide

    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…

  • Importing into Switzerland: VAT, Duties & Compliance Essentials

    Peacock Tariff Consulting Answer Capsule Importing goods into Switzerland requires careful navigation of VAT (standard rate 8.1%, with reduced rates of 2.6% and 3.8%), customs duties, and comprehensive compliance documentation. The Swiss customs clearance process demands proper commercial invoices, packing lists, certificates of origin, and transport documents, with duties calculated based on product classification, weight,…

  • Understanding Anti-Dumping and Countervailing Duties: A Guide for EU and US Traders

    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.…