As summarized in our recent blog post, in response to recent threat of tariffs over the Greenland issue, the EU considered possible responses, including tariffs and triggering of the so-called Anti‑Coercion Instrument (“ACI”). Although these threats appear to have subsided for now, given trade volatility, usage of the ACI remains a live possibility and we wanted to provide a brief overview on the ACI and what companies can do to prepare in the event the…
Additional duties have been imposed by the UK government on a number of commodities originating in Russia and Belarus. The new duties will take effect on 25 March. Russian and Belarusian items that have already left the country before the new tariffs take effect on 25 March are exempt. Before 25 March, the products must have fulfilled Russian or Belarusian export requirements and exited those countries. The respective additional duties for Russia can be found…