Bloomberg News is reporting that the tentative trade deal between the US and Canada will cut aluminum tariffs in half from 50% to 25%. The US imports the majority of its primary aluminum from Canada, so it is likely that this would flow through into lower domestic pricing. The BA will provide more information on any official deal as it is available.

WASHINGTON (AP) — The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday. The decision centers on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs he levied on nearly every other country. The BA is monitoring the situation and will provide updates as they become available. Read more.

(Reuters)- A U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal. The court allowed the tariffs to remain in place through October 14 to give the Trump administration a chance to file an appeal with the U.S. Supreme Court. Read more. 

The full ruling can be viewed here. 

Associated Press – The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe. Read more.

President Trump has announced his intention to raise tariffs on Canadian products from 25% to 35%, though early reporting suggests that the existing exemption for USMCA compliant goods (such as barley) will likely remain in place. This move does not supersede sectoral tariffs, such as the 232 tariffs on steel and aluminum. Read More.

Associated Press – President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1.

Trump provided notice by posting letters on Truth Social that were addressed to the leaders of the various countries. The letters warned them to not retaliate by increasing their own import taxes, or else the Trump administration would further increase tariffs.

Read more here

(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.