Hours before taking off for France to attend a summit with other world leaders, United States President Donald Trump threatened a 100 percent tariff on French wine and Champagne. The levy would come in retaliation for the French government’s 3 percent tax on services from American tech companies. Trump announced the ultimatum today in an interview with the New York Post. Unless French President…

Bourbon is facing a crisis of global proportions. Its domestic outlook is dim, as sales recede amid consumption declines and a serious oversupply problem. But internationally, the picture is downright bleak: According to the Distilled Spirits Council of the United States, American whiskey exports cratered by 19 percent in 2025, due in large part to declines of 57 percent in Canada, 35 percent in…

(RNS) — Stable relations with China are good for both countries and good for the world.

The opportunity is real—but highly dependent on data readiness and compliance discipline

WASHINGTON — The U.S. Customs and Border Protection tariff refund system went live Monday, marking what small business advocates call a “complex” first step for entrepreneurs to recoup $166 billion in import taxes accrued under President Donald Trump’s emergency tariffs, which the U.S. Supreme Court struck down in February. Importers and brokers can now upload […]

The Harmonized Tariff Schedule (HTS) is a key resource for understanding international trade, particularly for imports into the United States. As the United States International Trade Commission (USITC) website describes, the “Harmonized Tariff Schedule of the United States sets out the tariff rates and statistical categories for all merchandise imported into the U.S. The HTS […]

Revenue from U.S. spirits exports dipped by 3.8 percent in 2025, a much gentler drop than the 26 percent plummet experienced by the wine and beer categories. Exports of American spirits raked in $2.37 billion last year according to the 2025 American Spirits Exports report from the Distilled Spirits Council of the United States (DISCUS). Ongoing international trade battles, particularly in key…

Canada’s multiple-province ban on American products caused a $357 million deficit for the U.S. wine industry. The prohibition, which started after President Trump enacted his controversial, far-reaching tariffs, prompted the value of U.S. wine exports to Canada to plummet from $460 million in 2024 to $103 million in 2025, according to a new report from Wine Institute. The shift marks a 78 percent…

KARACHI: Industrialists and businessmen criticised the government’s decision to suspend gas supply to industries for two days a week, along with curtailment to fertiliser plants, claiming it would further strain Pakistan’s fragile economy, especially with a recent power tariff increase.

Pakistan is already confronting major economic difficulties due to the steadily increasing cost of doing…

U.S. wine and beer exports plummeted by $472 million in 2025, a 26 percent drop from 2024 figures, a new report from the U.S. Census Bureau shows. The category, which the Census Bureau labels “Wine, beer, and related products,” totalled $1.2 billion last year in exports. Those exports fall under the Census Bureau’s “Wine, beer, and related products” sector, which includes sparkling and still…

The Supreme Court ruled against President Trump’s sweeping tariffs on Friday, a decision that could return U.S. alcohol imports to levels seen before the second Trump era. It is the first Supreme Court ruling to thwart a key component of the administration’s economic agenda. A dozen states and a number of small businesses sued the president after the announcement of his self-dubbed “Liberation…