- EU Suspends Countermeasures: On April 14, 2025, the EU published countermeasures against US tariffs on steel and aluminum but suspended their implementation for 90 days to allow continued negotiations with US authorities.
- Postponed Tariff Implementation: Originally planned for April 15 and May 16, 2025, additional EU tariffs are now postponed to July 15, 2025, affecting various products, including textiles and agricultural goods.
- Business Strategy and Monitoring: Businesses should monitor trade flow impacts and consider strategic actions, including supply chain adjustments and tariff classification review, to manage potential effects from evolving tariffs.
Source EY
Latest Posts in "European Union"
- ECON Urges Reform of EU Financial Services VAT Exemption and Clarification of Emerging Services
- AG Kokott Clarifies VAT Impact of Transfer Pricing Adjustments in Stellantis Portugal Case
- VAT on Asset Transfers Between Spouses’ Separate Businesses: Recent Legal Developments and Tax Implications
- 2026 Intrastat Thresholds: EU Member State Reporting Limits for Arrivals and Dispatches
- How to Use OSS VAT for EU E-commerce When Shipping from a Dutch Warehouse
