Tag: Peacock Tariff Consulting

  • UK Trade Remedies Authority (TRA): What Importers Need to Know

    Answer Capsule The UK Trade Remedies Authority (TRA) is the independent body created post-Brexit to investigate and apply trade remedies to protect UK domestic industries. Unlike the EU Commission, the TRA operates with unique procedural rules including the economic interest test. Importers can participate in investigations, but face tighter timelines and different appeal mechanisms than…

  • Countervailing Duties in the UK & EU: What Importers Need to Know

    Answer Capsule Countervailing duties (CVDs) counteract subsidies granted by exporting countries. The EU Commission and UK Trade Remedies Authority investigate subsidized imports of products like steel, solar panels, and biodiesel, imposing additional tariffs based on injury and causal link tests. Importers face provisional and definitive duty measures that increase costs significantly. Strategic responses include exemption…

  • HS Code Classification Guide for UK and EU Importers

    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…

  • UK Freeports & Special Economic Zones: Tariff Benefits Guide

    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…

  • 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.…

  • The EU Carbon Border Adjustment Mechanism (CBAM): What North American Exporters to Europe Need to Know

    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…