Tariff Negotiations
Speculation about the outcome of negotiations with the EU to finalize a tariff schedule is dominating headlines and conversations with our customers this week. There are some positive signs that an agreement is close with several outlets reporting that the EU is seeking exceptions for food and beverage items, pharmaceuticals, semiconductors, and commercial aircraft as part of the deal. As soon as new information is available, Team Elenteny will reach out.
The latest articles are provided below:
EU to Accept Trump Universal Tariff But Seeks Key Exemptions | Bloomberg
EU splits weaken its hand in crunch trade talks with Trump | Politico
EU toughens stance on Donald Trump’s tariffs as deadline looms | The Financial Times
As Trade Deadline Nears, Europe Preps for a Scant Outline of a Deal | New York Times (paywalled)
EU closing in on ‘framework’ trade deal with US to avoid Trump’s 50% tariffs | The Guardian
Are you leaving CBMA cash on the Table?
Ask yourself this question daily!
The Craft Beverage Modernization and Tax Reform Act (CBMA) offers substantial tax relief for imported wine, spirits, and beer.
You can still receive allocations from suppliers that can be applied to your 2025 shipments (up to 31 December 2025). We urge you to check with your suppliers to update your allocations regularly.
Our CBMA team can help you navigate the ins and out of making sure you are reaping the tax benefits under the program. Reach out to the team at CBMA@elentenyimports.com
Check out the TTB site Here. Or catch the TTB Video here. Click the box below to email the team direct.
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