EU lowers import duties on U.S. goods as Regulation (EU) 2026/1455 enters into force on 1 July 2026. The regulation eliminates duties on many industrial products, reduces duties on agricultural goods, and introduces tariff-rate quotas for selected items.
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As of 1 July 2026, Regulation (EU) 2026/1455 eliminates customs duties on a broad range of industrial products originating in the United States, benefiting importers who can prove non-preferential origin.
From 1 July 2026, Regulation (EU) 2026/1455 introduces tariff-rate quotas for those products, allowing importers to benefit from quota limits while paying reduced duties.
Until EU-US preferential rules of origin are agreed, importers must demonstrate that goods qualify under EU non-preferential origin rules to benefit from the tariff measures introduced on 1 July 2026.
The European Commission can suspend the tariff preferences introduced by Regulation (EU) 2026/1455 if the United States fails to comply with the agreed trade framework or if increased imports threaten serious injury to EU industries.
Primary source
Read the full article at SGSThis summary was published on VATfaqs.com on 10 July 2026. It relates to VAT developments in European Union. The original source is SGS.
