Weekly Update #13 31 March – 4 April 2025

 

 

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Weekly Update #13

31 March – 4 April 2025

             

Tariffs Update.

Yesterday,  the President signed an Executive Order on tariffs.  The Office of the US Trade Representative (USTR) also published a fact sheet on how reciprocal tariffs were calculated.

The Executive Order also contains the following Annexes, which are linked here.
Annex I – Countries and Territories Tariffs
Annex II – A list of goods exempted from the Executive Order
Annex III – A list of Modified HTSUS codes

Trade and advocacy groups have released statements as work continues to confirm the in-transit exemptions and exceptions in the published Annexes to the order.  You can find the statements below.

US Wine Trade Alliance  message providing commentary on the Executive order.

A Statement from the DISCUS President.

Team Elenteny is now waiting on the Federal Register to be updated to provide further clarity on implementation, and we continue to be in contact with our customers and community regarding the next steps.

News of the Tariffs Executive Order has been met with mixed reactions from countries and news outlets.  A catalogue of the range of commentaries is provided below :

How were Donald Trump’s tariffs calculated? | BBC

Trump stokes trade war as world reels from tariff shock | Reuters

The biggest winners and losers in Europe as Trump announces sweeping tariffs | CNBC

Threats, calls for negotiations in wake of Trump tariffs | The Hill

Some countries targeted by Trump tariffs seek negotiations, China says ‘no winners in trade wars’ | Fox News

What Products and Which Countries Are Exempted From Trump’s Tariffs? | WSJ

French winemakers say ‘nightmare’ Trump tariffs could cost industry €1bn | RFI

How the Latest Wine Tariffs Could Crush the Wine Industry | Food & Wine

Tariff Winners and Losers in Wine and Spirits | WineSearcher.com

Trump’s tariffs set to drive up bar bills and wipe out spirits jobs | Reuters

Trump’s US tariffs may raise prices, warns EU wine body | Decanter

A note from our Team.

We recognize that the current administration’s unprecedented tariff policies have created uncertainty for all of us.  Please know that we are committed to working closely with you during this challenging period, and we are dedicated to navigating these complex circumstances.  Please reach out to us at answers@elentenyimports.com with any and all questions.

Get in Touch!

 “ We are what we repeatedly do.   Excellence, then, is not an act, but a habit.”

—Aristotle


Cheers, Elenteny Imports