As part of ongoing tariff discussions, the EU has confirmed that American whiskey will not be subject to the 50% tariff initially proposed as a response to the US tariff on European steel and aluminium. The decision to omit whiskey was in response to Trump's threat...
Spot rates rose in the eastbound trans-Pacific in response to the significant increase in cargo during the 90-day reprieve between China and the USA. Whilst many pricing indexes are yet to reflect the post-agreement rate increase, general rate increases are anticipated alongside reduced vessel capacity...
In the latest developments in the trade war between USA and China, reduced tariffs of 30% and 10% have been respectively announced, alongside a rollback on some of the steeper tariffs, giving both sides 90 days to continue negotiations. Regardless of the de-escalation of the trade...
The Australian wine industry will inevitably feel some impact from Trump's 10% tariff however, they are more favourably positioned when compared to other wine markets such as those within the European Union who have been hit with a 20% tariff or South Africa who has...
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...
President Trump's 25% tariffs on imports from Canada and Mexico, with an additional 10% tariff on goods from China were officially announced as of 4 March 2025. In response, Mexican President Sheinbaum has declared that her government plans to respond to the U.S. tariffs with its...
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...
Wine bottle manufacturers from China, Chile and Mexico are facing US tariffs as the US Department of Commerce (DoC) has accused their glass wine bottle producers of selling their products in the USA at unfairly low prices. With this investigation underway since January of this year,...
Russia is contemplating imposing a 200% duty on wine imports in order to protect the Russian wine market. This import duty would apply to wine, fortified wine and sparkling wine from ‘unfriendly’ NATO states. The Association of Winegrowers and Winemakers of Russia (AVVR) is driving this...
In welcome news, China 's Ministry of Commerce has announced the abolishment of tariffs on Australian wine, which became effective as of 29th March 2024. Prior to the introduction of these punitive tariffs, mainland China was Australia's most valuable export market, worth AU$1.3billion, a value...