Peanut Butter, processed cranberry products, and kidney beans: EU prolongs suspension of Steel and Aluminium rebalancing tariffs until 31 March 2025

The European Commission has passed legislation suspending until 31 March 2025 the EU rebalancing tariffs on US products in the framework of the steel and aluminium dispute.

You can find the EU announcement here.

Commission Implementing Regulation (EU) 2023/2882 of 18 December 2023 suspending commercial policy measures concerning certain products originating in the United States of America imposed by Implementing Regulations (EU) 2018/886 and (EU) 2020/502 was published in the Official Journal of the European Union and enters into force on 1 January 2024.

This averts the restatement of both Annex I and Annex II retaliatory tariffs by the EU on certain US products. Of concern to FRUCOM were US Kidney beans (0713 33 90), Peanut butter (2008 11 10) and Concentrate cranberry (in codes 2009 81 11; 2009 81 19; 2009 81 31; 2009 81 59), which were subject to a 25% duty, and for the second rebalancing measures which would have been due in December 2021, the product of concern was dried cranberries (20089391).

More information: https://eur-lex.europa.eu/eli/reg_impl/2023/2882/oj

Contact: Lebo Mofolo, lmofolo@frucom.eu