INC Tariff Report & Updates
China Halts Port Fees on US-Linked Vessels for a Year According to Reuters, China announced on November 10 that it will waive port fees on US-linked ships for the next year. The decision follows Washington’s move to suspend penalties targeting China’s shipping and shipbuilding industries, according to the Ministry of Transport. The measure reflects commitments […]
INC Tariff Report & Updates
USA-China: Trump Cuts China Tariffs to 10% After Xi Summit As reported by Reuters, US President Donald Trump announced the United States will lower tariffs on Chinese goods from 20% to 10% following talks with Chinese President Xi Jinping in South Korea. According to Trump, the summit produced several key agreements, including China’s commitment to […]
INC Tariff Report & Updates
Canada: 25% Tariff on US Peanut Butter Removed Canada has removed most of its retaliatory tariffs against goods from the United States, including a 25% duty on US peanut butter, as of September 1, 2025. According to a statement published by the Canadian government, this measure was taken in recognition of the US allowing most […]
Crop Updates
USA: 2025 California Walnut Industry Objective Measurement Report The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released the official 2025 California Walnut Industry Objective Measurement Report on September 4, 2025. The 2025 California walnut production is forecasted at 710,000 short tons (644,101 metric tons), up 18% from 2024’s production of 603,000 short tons […]
INC Tariff Report & Updates
Trump Allows Tariff Exemptions for Some Nuts Under US Trade Deals US President Donald Trump signed an executive order on September 5 outlining the circumstances under which imports of certain nuts may enjoy tariff exemptions under trade deals with the US. An annex to the executive order contains a list of products “that cannot be […]
INC Tariff Report & Updates
India Slashes Taxes on Consumption of Nuts and Dried Fruits India’s government has reduced taxes on the consumption of nuts and dried fruits from 12% to 5%, effective as of September 22. The move came as part of a broad overhaul of the country’s Goods and Services Tax (GST) that was intended to boost […]
Tariffs Update: US and EU Reach Deal as Trump Hits Dozens of Countries With New Duties
US nuts and dried fruits spared from EU countermeasures In the wake of a new round of US tariffs affecting dozens of countries across the globe, the EU and the US have struck a framework trade deal that spares US nut and dried fruits from what would have been punishing European countermeasures. As the clock […]
Trump Announces New Tariffs on Canada, Mexico, and the EU
EU delays tariffs on US dried cranberries and peanut butter until August 6 On July 11, 2025, US President Donald Trump announced a 35% tariff on imports from Canada, effective August 1, according to Reuters. The announcement, delivered via a letter posted to Truth Social, warned that the rate could rise if Canada retaliates. The […]
Trump Extends Tariff Pause, Announces New Duties on 15 Countries
Viet Nam reaches a trade deal with the US On July 7, 2025, US President Donald Trump issued an executive order extending the suspension of some of his most aggressive tariffs until August 1. The order came just days before the 90-day pause on Trump’s country-specific tariffs was set to expire. (A separate 90-day suspension […]
Tariffs: US Supreme Court Declines to Fast-Track Review of Legal Challenge
The case is the second major challenge to Trump’s authority to issue tariffs On June 20, 2025, the US Supreme Court declined to expedite review of a legal challenge to many of President Donald Trump’s tariffs, as reported by the New York Times. The legal challenge filed by two US companies alleges that Trump lacks […]