Tariffs: INC Urges EU Not to Add Duties on US Nuts and Dried Fruits
US court allows IEEPA tariffs to remain in place while Trump administration pursues appeal On June 10, 2025, the European Commission concluded a public consultation on a list of US imports that could become subject to EU countermeasures if ongoing EU-US negotiations do not result in a mutually beneficial outcome and the removal of the […]
Tariffs: Trump Briefly Threatens EU With 50% Duty
US federal court blocks some of Trump’s steepest tariffs; appeal expected On May 23, 2025, after claiming that trade talks with the European Union were “going nowhere,” US President Donald Trump threatened on social media to impose a 50% tariff on goods from the EU as of June 1, as reported by the Guardian. The […]
Tariffs: China and USA Agree to Partially De-escalate for 90 Days
EU launches public consultation on potential countermeasures affecting nuts and dried fruits On May 12, 2025, the United States and China released a joint statement outlining an agreement to substantially reduce tariffs on each other’s goods for an initial period of 90 days. As reported by CNN, each side agreed to lower tariffs on the […]
Tariffs Update: EU Pauses Countermeasures Against US Goods to Allow Time for Negotiations
Tariffs on peanut butter and dried cranberries are suspended until July 14; tariffs on almonds take effect December 1 As announced by European Commission President Ursula von der Leyen last week, the EU has officially paused its planned countermeasures against US goods to allow time for negotiations. On April 14, 2025, the European Commission adopted […]
Trump Engages in Tit-for-Tat With China While Backtracking on Other Tariffs
China sets tariff on US goods at 84%; Trump raises tariff on China to 145% As noted by the INC last week, US President Donald Trump announced expansive new tariffs on April 2, 2025, including a baseline 10% tariff that took effect on April 5 and country-specific tariffs for around 60 countries that took effect […]
Trump Announces Sweeping New Tariffs
China, the EU, and other countries are expected to retaliate US President Donald Trump announced expansive new tariffs on April 2, 2025. A baseline 10% tariff will be applied to all imports into the US, with higher rates being applied to around 60 countries, including 34% for China, 20% for the European Union, 27% for […]
EU Concludes Public Consultation on Proposed Retaliatory Tariffs Against US
The INC submitted a statement against tariffs on almonds and took part in a meeting with EU officials As noted in the INC’s last industry newsletter, the European Union announced countermeasures on March 12 in response to US President Donald Trump’s 25% tariff on European steel and aluminum, which had just come into effect. The […]
Trump’s Tariff Shifts Spark Global Retaliation and Uncertainty
New US tariffs, countermeasures, and reversals create a chaotic trade landscape The blanket 25% tariffs on Mexico and Canada announced by US President Donald Trump in early February took effect on March 4, 2025, as reported by CNN. Trump also doubled the new tariff on China, which is imposed on top of existing tariffs on […]