The Regulation listed the products that shall be subjected to additional customs duties. At the first stage, additional ad valorem duty of a maximum rate of 25% may be applied on imports of products listed in Annex I from June 22, 2018. Peanut butter is included in this group. At the second stage, further additional ad valorem duty of a maximum rate of 10%, 25%, 35% or 50% may be applied on imports of products listed in Annex II. Dried cranberries are included in Annex II.
The suspension of import duty concessions may be exercised as long as, and to the extent that, the United States applies or re-applies its safeguard measures in a manner that would affect products from the European Union.
The Regulation entered into force on May 17, 2018.
Commission Implementing Regulation 2018/724 of 16 May 2018