The Trump administration has announced that as of the beginning of October, it will start assessing and discussing the following tariffs: 100% on pharmaceuticals; 50% tariff on kitchen cabinets and bathroom vanities; 30% on upholstered furniture; and 25% tariff on heavy trucks. At this point in...
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 impact of the 50% tariff on all Indian products, as announced by the U.S., has the potential to substantially impact India's economy (if it remains unchanged by Trump and is upheld by the Supreme Court). The U.S. is India's largest export market, accounting for 18%...
U.S. exports of liquor and wine to Canada have plummeted by more than 60% in the first half of the year as Canadians boycott US alcohol. Shipments of popular US-made whiskeys, rums, gins and other liquors through June to Canadian provinces was around $43.4 million, representing...
A U.S. court has ruled that most of Trump's tariffs are illegal, undercutting the president's use of the levies as a key international economic policy tool. These tariffs - enacted using the International Emergency Economic Powers Act of 1977 (IEEPA) - are currently allowed to remain in place...
Following months of frontloading, U.S. retailers are pulling back on ordering for the rest of the year due to a slowing U.S. economy and higher tariff costs. Whilst volumes from Asia to the U.S. hit a six-month high in July, ahead of August tariff deadlines,...
Whilst the EU was hopeful that wine and spirits would be excluded from the 15% tariff outlined by Trump, it has now been confirmed that these products will also be subject to the same rate. With the US the largest market for many European wine and...
The raft of tariffs announced by US President Trump have now started to take effect. Impacting over 90 countries, below is an overview of some of the rates as of the 7th of August 2025, as well as the status of ongoing negotiations: India: 50% ...
It is speculated that import volumes across American ports will experience a rebound throughout July before the implementation of tariffs on the 1st of August. According to market reports, imports into the USA are expected to rise from 2.06 million twenty-foot equivalent units (TEUs) in June...
Following the raft of tariffs announced in April, the global trade landscape continues to shift with a plethora of tariffs due to be finalised and announced on the 1st of August 2025. With negotiations continuing between the USA and countries across the globe still underway, below...