(Associated Press) – The United States and China agreed Monday to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies and setting off a rally in global financial markets. Read more.

Politico- President Donald Trump reversed course in the global trade war he launched just a week ago, announcing in a social media post a 90-day pause on new tariffs against every country but China. As he halted his broader tariff program amid rising recession fears, Trump ratcheted up tariffs against China to 125 percent

Trump’s walkback—albeit with a 10 percent reciprocal tariff on countries during the pause—sent the stock market back into positive territory after several days of huge losses. Read more.

While the Brewers Association awaits confirmation from their inquiry to the Department of Commerce, it appears likely, as reported by Politico, that the 25% tariffs apply only to the aluminum content within a package – not the beverage inside. The Brewers Association will provide updates as it receives more information.

A fact sheet shared by the White House indicated that the 10% minimum tariff on all countries will take effect April 5, 2025 at 12:01 a.m. EDT. Steel and aluminum will not be subject to the reciprocal tariffs, nor will other articles that may become subject to future Section 232 tariffs, which now includes beer.

Canada and Mexico are unaffected by this order.

Associated Press: President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States. Read more…

The United States Trade Representative today released a 397-page report today outlining both tariff and non-tariff trade barriers by country. The report is designed to informal “reciprocal tariffs” previously announced by the White House that are potentially set to go into effect as early as tomorrow, April 2nd. You can see the full report here. The Brewers Association will be providing updates on any reciprocal tariffs as well as potential agricultural tariffs that could also take effect on April 2nd.

Notably, the report does not mention value added taxes (VAT) as a trade barrier in conjunction with the European Union.

Associated Press: President Donald Trump on Thursday threatened a 200% tariff on European wine, champagne, and spirits if the European Union goes forward with a planned tariff on American whiskey. Read More.

New York Times: After President Trump’s global tariffs on steel and aluminum took effect, the European Union and Canada announced billions of dollars in levies on American goods. Read more.

After significant back and forth that involved the threat of raising tariffs on aluminum imported to the U.S. from Canada to 50%, the Trump administration finalized across-the-board tariffs of 25% on aluminum and steel imports. No countries are exempt from the tariffs which went into effect March 12. Read more.

Associated Press: Canada will announce Canadian $29.8 billion ($20.7 billion) in retaliatory tariffs in response to the 25% steel and aluminum tariffs that U.S. President Donald Trump has leveled, a senior Canadian government official said Wednesday. Read more.