President Trump has signed an executive order extending the current tariff pause with China by 90 days, moving the deadline to November 10, 2025. Without the extension, tariffs were set to rise sharply—to 145% on Chinese imports into the US and 125% on US exports to China. China’s Commerce Ministry announced a parallel move, maintaining its suspension of additional tariffs on US goods. The extension keeps existing tariff levels in place, averting a rapid escalation of the trade dispute. Both nations have indicated they will continue negotiations on key issues such as trade reciprocity, intellectual property rights, subsidies, and security concerns.
As a review, last week, new US tariff rates went into effect August 7 which included: UK, Chile, Argentina, Australia (10%); EU, New Zealand, South Korea and Japan (15%); South Africa (30%); Brazil (50%); Moldova, India (25%); Thailand (19%); and Nicaragua (18%). We mistakenly reported the Japan tariff on our Friday update at 24%, our apologies for this error. For India, there is a threat of an additional 25% going into effect on August 27th based on India’s purchase of Russian crude oil among other escalating disputes. WSSA, the Toasts Not Tariffs Coalition, and other industry groups continue to push for wine and spirits exemptions, and we will continue to provide updates on tariff news as negotiations commence.
Should you have questions on on-water exemptions or how to calculate the EU tariff structure for beverage alcohol, please reach out to us!