Showing posts with label Nation: Italy. Show all posts
Showing posts with label Nation: Italy. Show all posts

Thursday, November 18, 2021

Termination of Actions in the Section 301 Digital Services Tax Investigations of Austria, France, Italy, Spain, and the United Kingdom and Further Monitoring

On November 1, 2021, the Office of the United States Trade Representative published in the Federal Register (86 FR 64590) Termination of Actions in the Section 301 Digital Services Tax Investigations of Austria, France, Italy, Spain, and the United Kingdom and Further Monitoring.

Agathon Associates previously reported this agreement will avert imposition of retaliatory tariffs on:

  • Certain apparel and footwear from the U.K.,
  • Certain travel goods, apparel of wool, cashmere, or other fibers, and footwear from Italy,
  • Certain textiles from Austria, and
  • Travel goods, footwear, and hats from Spain.

Tuesday, June 8, 2021

USTR Announces, and Immediately Suspends, Tariffs in Section 301 Digital Services Taxes Investigations

On June 2, 2021, United States Trade Representative Katherine Tai announced the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by Austria, India, Italy, Spain, Turkey, and the United Kingdom. The final determination in those investigations is to impose additional tariffs on certain goods from these countries, while suspending the tariffs for up to 180 days to provide additional time to complete the ongoing multilateral negotiations on international taxation at the OECD and in the G20 process.

As reported March 31, 2021, the U.S. planned to impose 25% tariffs on:

Wednesday, March 31, 2021

Travel Goods, Apparel of Wool, Cashmere, or Other Fibers, and Footwear from Italy on USTR List for Potential 25% Tariff

On March 31, 2021, the Office of the United States Trade Representative (USTR) published in the Federal Register (86 FR 16819) a request for written comments regarding a potential trade action in connection with the Section 301 investigation of Italy's Digital Services Tax (DST). USTR also will convene virtual public hearings and accept rebuttal comments in relation to the potential action.

Comments are due by April 30, 2021.

Italy has adopted a DST that applies to companies that during the previous calendar year, generated [euro]750 million or more in worldwide revenues and [euro]5.5 million or more in revenues deriving from the provision of digital services in Italy.

On January 14, 2021, based on information obtained during a investigation and the advice of the Section 301 Committee, the U.S. Trade Representative determined that Italy's DST is unreasonable or discriminatory and burdens or restricts U.S. commerce, and therefore is actionable under sections 301(b) and 304(a) of the Trade Act (19 U.S.C. 2411(b) and 2414(a))

USTR proposes to impose additional tariffs of up to 25 percent ad valorem on a list of goods from Italy.

The list published at 86 FR 16819 is quite extensive and contains the following articles of protential interest to clients of Agathon Associates.

Note: All products that are classified in the eight-digit subheadings of the Harmonized Tariff Schedule of the United States (HTSUS) that are listed in this Annex are covered by the proposed action. The product descriptions that are contained in this Annex are provided for informational purposes only, and are not intended to delimit in any way the scope of the proposed action. Any questions regarding the scope of a particular HTSUS subheading should be referred to U.S. Customs and Border Protection. In the product descriptions, the abbreviation ``nesoi'' means ``not elsewhere specified or included''.

------------------------------------------------------------------------
      HTSUS subheading                   Product description
------------------------------------------------------------------------
4202.29.10.................  Handbags w. or w/o shld. strap or w/o
                              handle of mat. (o/t leather, shtng. of
                              plas., tex. mat., vul. fib. or paperbd.),
                              paper cov., of plas.
4202.29.50.................  Handbags w. or w/o shld. strap or w/o
                              handle of mat. (o/t leather, shtng. of
                              plas., tex. mat., vul. fib. or paperbd.),
                              pap.cov.,of mat. nesoi.
4202.29.90.................  Handbags with or without shoulder straps or
                              without handle, with outer surface of
                              vulcanized fiber or of paperboard, not
                              covered with paper.
4202.31.30.................  Articles of a kind normally carried in the
                              pocket or handbag, with outer surface of
                              reptile leather.
4203.29.30.................  Men's gloves, mittens and mitts of leather
                              or composition leather, nesoi, seamed.
4203.29.40.................  Gloves, mittens and mitts of leather or
                              composition leather, nesoi, not lined, for
                              persons other than men.
4203.29.50.................  Gloves, mittens and mitts of leather or
                              composition leather, nesoi, lined, for
                              persons other than men.
6103.10.10.................  Men's or boys' suits, knitted or crocheted,
                              of wool or fine animal hair.
6103.31.00.................  Men's or boys' suit-type jackets and
                              blazers, knitted or crocheted, of wool or
                              fine animal hair.
6103.32.00.................  Men's or boys' suit-type jackets and
                              blazers, knitted or crocheted, of cotton.
6103.33.20.................  Men's or boys' suit-type jackets and
                              blazers, knitted or crocheted, of
                              synthetic fibers, nesoi.
6103.39.80.................  Men's or boys' suit-type jackets and
                              blazers, of textile mats, (except wool,
                              cotton, or mmf), cont less than 70% by wt
                              of silk, knitted/croc.
6104.31.00.................  Women's or girls' suit-type jackets and
                              blazers, knitted or crocheted, of wool or
                              fine animal hair.
6104.32.00.................  Women's or girls' suit-type jackets and
                              blazers, knitted or crocheted, of cotton.
6104.33.20.................  Women's or girls' suit-type jackets and
                              blazers, knitted or crocheted, of
                              synthetic fibers, nesoi.
6110.30.10.................  Sweaters, pullovers, sweatshirts and
                              similar articles, knitted or crocheted, of
                              man-made fibers, cont. 25% or more by
                              weight of leather.
6117.80.20.................  Ties, bow ties and cravats, containing 70%
                              or more by weight of silk or silk waste,
                              knitted or crocheted.
6117.80.87.................  Ties, bow ties and cravats, containing
                              under 70% by weight of silk or silk waste,
                              knitted or crocheted.
6117.80.95.................  Made up clothing accessories (excl shawl,
                              scarve, and like, tie, cravat, headband,
                              ponytail holder and like), cont < 70% wt
                              of silk, k/c.
6203.19.10.................  Men's or boys' suits, not knitted or
                              crocheted, of cotton.
6203.31.90.................  Men's or boys' suit-type jackets and
                              blazers, of wool or fine animal hair, not
                              knitted or crocheted.
6203.32.10.................  Men's or boys' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              cotton, containing 36 percent or more of
                              flax fibers.
6203.32.20.................  Men's or boys' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              cotton, under 36% by weight of flax.
6203.33.10.................  Men's or boys' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              synthetic fibers, cont. 36% or more of
                              wool or fine animal hair.
6203.33.20.................  Men's or boys' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              synthetic fibers, under 36% by weight of
                              wool.
6203.39.10.................  Men's or boys' suit-type jackets and
                              blazers, of artificial fibers, containing
                              36% or more by weight of wool or fine
                              animal hair, not k/c.
6203.39.20.................  Men's or boys' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              artificial fibers, under 36% by weight of
                              wool.
6203.39.50.................  Men's or boys' suit-type jackets and
                              blazers, of textile materials (except
                              wool, cotton or mmf), cont 70% or more by
                              weight of silk, not k/c.
6203.39.90.................  Men's or boys' suit-type jackets and
                              blazers, of text materials (except wool,
                              cotton or mmf), containing under 70% by
                              weight of silk, not k/c.
6204.31.10.................  Women's or girls' suit-type jackets &
                              blazers, of wool or fine animal hair, not
                              knitted or crocheted, cont. 30% or more of
                              silk/silk waste.
6204.31.20.................  Women's or girls' suit-type jackets and
                              blazers, of wool or fine animal hair, not
                              knitted or crocheted, under 30% by weight
                              of silk.
6204.32.20.................  Women's or girls' suit-type jackets and
                              blazers, of cotton, not knitted or
                              crocheted, under 36% flax.
6204.33.10.................  Women's or girls' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              synthetic fibers, cont. 30% or more of
                              silk/silk waste.
6204.33.40.................  Women's or girls' suit-type jackets &
                              blazers, not knitted or crocheted, of
                              synthetic fibers, cont. 36% or more of
                              wool or fine animal hair.
6204.33.50.................  Women's or girls' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              synthetic fibers, nesoi.
6204.39.20.................  Women's or girls' suit-type jackets &
                              blazers, not knitted or crocheted, of
                              artificial fibers, cont. 36% or more of
                              wool or fine animal hair.
6204.39.30.................  Women's or girls' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              artificial fibers, under 36% by weight of
                              wool.
6204.39.60.................  Women's or girls' suit-type jackets and
                              blazers, not knitted/crocheted, of textile
                              materials nesoi, cont. 70% + of silk or
                              silk waste.
6204.39.80.................  Women's or girls' suit-type jackets and
                              blazers, not knitted or crocheted, of
                              textile materials nesoi.
6211.39.03.................  Rec perf outwear, men's or boys' track
                              suits or other garments nesoi, not knitted
                              or crocheted, of wool or fine animal hair.
6211.39.30.................  Men's or boys' track suits or other
                              garments nesoi, not knitted or crocheted,
                              of wool or fine animal hair, o/than rec
                              perf outwear.
6215.10.00.................  Ties, bow ties and cravats, not knitted or
                              crocheted, of silk or silk waste.
6215.20.00.................  Ties, bow ties and cravats, not knitted or
                              crocheted, of man-made fibers.
6215.90.00.................  Ties, bow ties and cravats, not knitted or
                              crocheted, of textile materials nesoi.
6403.59.60.................  Footwear w/outer soles and uppers of
                              leather, not cov. ankle, n/welt, for men,
                              youths and boys.
6403.91.60.................  Footwear w/outer soles of rubber/plastics/
                              composition leather & uppers of leather,
                              covering the ankle, n/welt, for men,
                              youths and boys.
6403.91.90.................  Footwear w/outer soles of rubber/plastics/
                              comp. leather & uppers of leather, cov.
                              ankle, n/welt, for persons other than men/
                              youths/boys.
6404.20.40.................  Footwear w/outer soles of leather/comp.
                              leath., n/o 50% by wt. rub./plast. or rub./
                              plast./text. & 10%+ by wt. rub./plast.,
                              val. o/$2.50/pr.
------------------------------------------------------------------------

Tuesday, April 29, 2014

U.S. and Italian Officials to Meet Tomorrow to Discuss T-TIP

United States Trade Representative Michael Froman is scheduled to meet Wednesday, April 30th, Carlo Calenda, Italy’s Vice Minister of Economic Development to discuss the Transatlantic Trade and Investment Partnership ("T-TIP"), the proposed free trade agreement between the United States and the European Union.

Thursday, April 24, 2014

Special Greetings on Friday, April 25th, to Our Readers in Australia, Italy, and New Zealand

April 25th is Italy's Liberation Day (Festa della Liberazione), a national Italian holiday commemorating the end of the second world war and the end of Nazi occupation of the country.

April 25th is also Anzac Day, a national day of remembrance in Australia and New Zealand that broadly commemorates all Australians and New Zealanders who served and died in all wars, conflicts, and peacekeeping operations.

Wednesday, February 5, 2014

Italian Officials Find Garments Made of Rat Fur Labeled as "Cashmere"

According to a report from the Italian news agency ANSA, Italian officials have seized over a million garments and detained 14 persons in a crackdown on apparel fraudulently labeled as being made of cashmere.

Tuesday, July 9, 2013

Loro Piana joins the LVMH Group

The Loro Piana family has chosen to sell a majority stake in their family business to the LVMH Group.

Loro Piana is more than just a renowned label, it embodies a family's passion for the highest standards of craftsmanship and quality. With knowledge and experience gained over six generations, Loro Piana creates exceptional products and fabrics, especially in cashmere where Loro Piana is the leading specialist in the world.

The Loro Piana family began trading wool and fine textiles at the beginning of the 19th century and in April 1924 Pietro Loro Piana established the business in Qarona Sesia, Italy. His work is continued today by Sergio and Pier Luigi Loro Piana. Under their leadership, Loro Piana has become the world's leading artisan in cashmere and the rarest wools and has developed a worldwide network of more than 130 exclusive boutiques where products are distributed under the Loro Piana name.

Loro Piana is globally renowned for its devotion to quality, innovation in textile products, unrivalled standards in design, in its search for new materials and for the quality of its craftsmanship.

Loro Piana uses the finest materials available in the world, such as baby cashmere; it is also a specialist in Vicuna, a species of animal which Loro Piana has made a fundamental contribution to saving from extinction; and many other exceptional meterials, not least the lotus flower and the exceptionally fine wools from merinos. At each stage of sourcing and production, Loro Piana combines exceptional craftsmanship with the most advanced technology in the pursuit of quality.

Sergio and Pier Luigi Loro Piana commented:

The Loro Piana family is proud that our name is now associated with the LVMH Group. Under Bernard Arnault's leadership, LVMH has proved that it respects and nurtures family businesses and is most likely to respect the values and traditions of our Maison, as well as our desire to provide our clientele with unparalleled quality. By joining LVMH, a group built around a unique set of other historic Maisons, Loro Piana will benefit from exceptional synergies while preserving its traditional heritage.

Bernard Arnault added:

Loro Piana is an exceptionally rare Maison, rare in the unique quality and craftsmanship in its products, not least in cashmere and fine textiles, but also in the unbroken heritage and careful family husbandry over six generations. I am very pleased that Sergio and Pier Luigi Loro Piana believe that our group is best able to ensure the future of the house of Loro Piana. Indeed we share the same values : family and craftsmanship allied to the tireless pursuit of quality, and I am convinced that our group will prove a good home in realising the significant future potential of Loro Piana.

Sergio and Pier Luigi Loro Piana remain 20% shareholders and keep their functions at the leadership of the company. The transaction, subject to approval by the competition authorities, covers 80% of the shares for an amount of EUR 2.0 billion (enterprise value of 100% equating to EUR2.7bn). Loro Piana is expected to achieve 2013 sales of EUR 700 million, with ebitda representing over 20% of sales.

About LVMH:

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Hennessy, Glenmorangie, Ardbeg, Vodka Belvedere, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape Mentelle, Newton, Wen Jun. Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs and Berluti. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, Samaritaine and Royal Van Lent. LVMH's Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Jewellery, a joint venture created with the world’s leading diamond group. Loro Piana:

Loro Piana operates in the luxury products sector, making items of uncompromising quality and offering full lines of clothing, accessories and gifts which are all made in Italy with the best raw materials available in the world. Loro Piana’s discerning clientele are able to access our products through a worldwide network of direct sales outlets located in the most prestigious streets, as well as its website, www.loropiana.com and carefully selected network of multi-brand retailers. Loro Piana's heritage and experience dates back to six generations in the production of high-quality textiles, a sector in which it is the market leader. Vertical integration is the best guarantee of access to market-leading research and development, encompassing the most sought after raw materials and ensuring the control of the manufacturing process. With this tireless pursuit of quality allied to traditional traditional and Italian craftsmanship, Loro Piana is a benchmark in the world of luxury.