tariffs

President Donald Trump announced on Wednesday that the U.S. will be pausing most country-specific tariffs for a period of 90 days. This move has led the European Union to also halt threats of retaliatory duties. Despite the pause, most countries,…

Shortly before President Trump’s announcement of broad baseline tariffs on Wednesday afternoon, the U.S. Department of Commerce released a document outlining separate 25% duties on beer and aluminum cans, set to go into effect just after midnight on Friday. The…

As the 25% tariff on aluminum and steel imports goes into effect this week, trade groups in the U.S. that rely on metals are urging the Trump administration for exemptions. Robert Budway, president of the Can Manufacturers Institute, expressed concerns…

The European Union is responding to U.S. tariffs on steel and aluminum imports that went into effect on Wednesday, as reported by the European Commission. Retaliatory tariffs on previous U.S. duties on EU steel and aluminum will be reinstated on…

Recent developments in tariffs, including delays and retaliatory actions, have dominated headlines, creating challenges for food and beverage companies. In March, a 20% tariff on Chinese goods took effect, while President Donald Trump imposed 25% tariffs on certain items from…

The White House Suspends Tariffs on USMCA Compliant Imports The White House announced on Thursday afternoon that it will suspend tariffs on all imports that are compliant with the United States-Mexico-Canada Agreement (USMCA) until April 2. This decision comes as…

The United States has decided to lift its month-long pause on tariffs for Canada and Mexico, signaling an end to any further delays in imposing the duties. Effective immediately, imports from both countries will now face a 25% tariff, in…

The manufacturers of popular snack foods like Oreos and Slim Jims are bracing for potential new tariffs under the Trump administration, even though most food and beverage companies believe their business will not be significantly impacted. There is uncertainty surrounding…

Diageo, the parent company of Guinness, is anticipating a potential $200 million impact on its operating profits in the upcoming financial quarter starting in March if tariffs on the U.S. and Mexico are imposed next month. During an earnings call…

Canada has responded to U.S. tariffs by imposing its own set of duties on imports from the country. Prime Minister Justin Trudeau announced on Saturday evening that Canada would be implementing a 25% tax on $155 billion worth of U.S.…