As mentioned in our previous newsletters, Trump has announced a series of tariffs on a multitude of nations in his quest to boost American manufacturing and industry. With the imminent deadline for tariff negotiations upon us on the 9th of July, outlined below is an...
With the Federal election over, the Australian federal government has announced its intention to continue negotiations with the US to reduce or remove the tariffs imposed on US imports of Australian products. This includes discussions around the baseline tariff, the current tariffs of 25% on Australian...
The European Union (EU) exported $52billion (AUD) worth of alcoholic drinks to non-EU countries, with wine constituting the lion's share, constituting a 56.2% share of this total, followed by spirits/liqueurs with 29.7% and beer at 11.5%. France was the biggest exporter, responsible for a massive 40.6%...
The recent volatility between India and Pakistan has caused disruption through the supply chain landscape, with no foreseeable resolution at this point in time. With India and Pakistan both enacting cargo bans and restrictions on the docking of ships carrying the other nation's cargo, this has...
A French scheme, which aims to facilitate the export of wines and spirits to the United States, has been approved by the EU for funding up to $5.6 billion. This scheme utilises a re-insurance mechanism, which provides short-term guarantees to companies that provide insurance against commercial...
The year 2024 saw global wine consumption hit its lowest consumption level in 60 years, since 1961. This decline can be attributed to numerous economic and geopolitical factors, such as inflation and global uncertainty, as well as an evolving market shaped by changing lifestyle preferences,...
The 2nd of April saw Trump unveil his schedule of tariffs which will vary by country. These duties will apply to all goods imported under current U.S. trade agreements, except where otherwise specified. Baseline Tariff Nations: including Australia and New Zealand According to the Executive Order (section...
United States President Donald Trump's announcement of tariffs on the nation's three biggest trade partners, Canada, Mexico and China, has raised global market concerns. The three tariffs, consisting of 25% tariffs on Mexican and Canadian imports and an additional 10% on China, have momentarily been paused...
According to The United Nations Conference on Trade and Development (UNCTAD), world trade is on track to reach a record US$33 trillion in 2024. This represents an annual growth rate of 3.3% and highlights the resilience of global trade despite persistent challenges. However, despite this monumental...
A new direct freight service between Shanghai and Fremantle ports is set to boost trade between Western Australia and China, its largest trading partner, reducing shipment time from 30 days to 14 days. This new “direct” route effectively removes the need to discharge cargo at the...