IFRA Joins Industry Call to Halt EU-US Tariffs

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The call for a suspension of tariffs would alleviate economic harms and help re-establish a cooperative trans-Atlantic trading relationship

International Fragrance Association (IFRA) has announced its call for a suspension of tariffs in the trade dispute between the European Union (EU) and the United States (U.S.).

Related: Fragrance Creators Prevents $91 Million in EU Essential Oil Tariffs

The 72 industry bodies wrote a letter to U.S. President Joe Biden and European Commission President Ursula von der Leyen to call for a suspension of tariffs to alleviate economic harms and help re-establish a cooperative transatlantic trading relationship.

The fragrance sector is impacted by the inclusion of some essential oils in the dispute. The groups called for the immediate suspension of these tariffs to provide an economic stimulus. 

The group of European and American associations said: “The COVID-19 pandemic and the necessary closures of non-essential businesses continue to affect the global economy, including our sectors which support millions of jobs on both sides of the Atlantic."

"The ongoing EU-U.S. trade disputes and additional tariffs, which continue to plague trans-Atlantic trade, have made a bad situation worse. With the damages we have suffered last year and are still suffering, the current situation cannot be allowed to go on any longer.”

"Our industries support a constructive and flourishing trade and economic relationship between the U.S. and EU," added the group.

"Removal of these tariffs will provide the positive momentum to reset the important bilateral relationship and cooperative efforts to address global economic challenges. In addition, a shared commitment to avoid new additional tariffs will create the necessary certainty and stability needed to grow the trans-Atlantic economy.”