12 Sep Corks Exempt From Trump’s Tariffs
From the 1st of September cork will be exempt from the 15% tariff applied on EU goods exported to the U.S.
As there is no domestic cork industry in the U.S. it is considered an “unavailable natural product”, so will be able to be exported to the United States tariff-free.
This is a welcome decision for key players in the Portuguese cork industry, who have been lobbying for the tariff reprieve for some time. International recognition of the unique geographical origin of cork is key to the United States’ decision to exclude cork from the export tariff, as this raw material is produced exclusively in the Mediterranean basin, which reinforces its strategic role in the American wine market.
The U.S. is the second-largest market for Portuguese cork after France, importing US$241 million worth in 2023, 70% of which was in the form of cork stoppers, according to the Natural Cork Council.
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