Tariffs Pushed to Next Week; No Carve-Out for Wine & Spirits (Yet)

Dear Client: Last night President Trump signed the executive order imposing tariffs on more than 60 countries, including the European Union, and delaying the effective date once again - this time to August 7.   You'll recall, Trump first announced tariffs against a long list of countries that the US has a trade deficit with in early April along with a 10% blanket tariff on all imports to the US [see WSD 04-03-2025]. It has been (and still is) a constantly