How Importers are Navigating the Current Tariff Environment

Dear Client: A big part of the Trump Administration's economic and international policy includes levying tariffs, from imposing a blanket 10% tariff on all imports to additional country-specific tariffs.   In late July, US trade officials reached a trade framework agreement with the European Union, levying 15% tariffs on EU imports while leaving the door open for some exemptions. Unfortunately, wine and spirits didn't make the cut and small to mid-sized importers are feeling the impact.  Year-to-date Elenteny Imports' wine sales