EU Drops Retaliatory Tariffs on US Jeans, Corn, Cranes and Glasses Frames to Almost Zero

The European Union is setting to almost zero its long-standing retaliatory tariffs on certain U.S. products for U.S. distributions of antidumping and countervailing duties to affected U.S. industries, it said in a notice. With distributions amounting to only a few thousand this year, the tariff, which applies to corn of EU subheading 0710.40.00, jeans of EU subheading 6204.62.31, mobile cranes of heading 8705.10.00 and eyeglasses frames of former subheading 9003.19.00, will fall to 0.001%, down from 4.3% last year. The new tariff rates take effect May 1.