The Trump administration has announced plans to enact sweeping tariffs of at least 10% on almost all goods coming into the U.S., with even higher rates applied to dozens of countries that have the highest trade deficits with the U.S.
Among the trading partners that will see the highest rates applied will be China (34%), the European Union (20%), South Korea (25%), Japan (24%), and Taiwan (32%).
The new policy will reshape global supply chains and pricing structures for imported goods, including beverage alcohol products. Beverage alcohol suppliers should continue to assess supply chain options and develop contingency plans.
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