1、Trade,Tariffs and More 8 April 2025PwCPwC Speakers todayJohn OLoughlin,Partner,Global Trade and C087 653 3989Peter Reilly,Partner,Tax Policy L087 372 0882Colm OCallaghan,Partner,PwC P087 7761711PwC01Global Trade&CustomsPwCIntroduction When Products cross bordersManufacturerShipperCustoms ClearanceIm

2、porter Releases finished goods from factory Issues invoice and packing list to Buyer/Importer Goods move via inland freight to port of exportGoods loaded onto ship/plane/truckBill of lading issuedGoods leave country of exportEntry document package includes:entry declaration form,commercial invoice,p

3、acking list,and bill of ladingAdditional documents may include FTA certificates,import licence(e.g.FDA regulated products),and other misc.documentsDeclares goods to customs authoritiesReceives goods into inventory and onward sells goods to customersFor every export,there is a subsequent importPwCGen

4、eral Principles of EU Customs Imports&ExportsEUImportant ConsiderationsShipments to the EU from third countries are subject to import formalities.Shipments from the EU to third countries are subject to export formalities.Customs formalities include presentation of a customs declaration,relevant supp

5、orting documentation and other misc.requirements.The EU is a customs union,which means that no borders exist within the EU for customs purposes.Therefore,any movements of goods intra-EU(i.e.from one EU country to another)are not subject to customs formalities.PwCCustoms Duty DriversClassificationOri

6、ginValuationTariffValueCustoms LegislationCustoms DutiesDutiesCustoms ValueDutiesTaxable Basis for VATPwC02Trump TariffsPwCIn the news this weekPwCBackground to US TariffsActual outcomesDetails2017 Policy MeasuresThe United States-Mexico-Canada Agreement(USMCA)entered into force on July 1,2020 as a