US trade announcements and tariff reviews impact global supply chains. Expana's Weekly Tariff Report provides clarity.

Changes to tariff policy this year have presented a set of new challenges to deals, particularly when RWI is involved. How is this risk being addressed? I've written an article which discusses how markets have been adapting. https://lnkd.in/eY3Z2HXw

🥔🥑🍅 Trade policy update of the week: The White House just exempted a big list of agricultural products from the Reciprocal Tariff. Yep — Annex II got updated again. Translation: Some importers suddenly don’t owe the tariff they paid yesterday… and others now need to file corrections before the 10-day clock runs out. Because nothing says “good morning” like reclassifying avocados at 7am. If you’re unsure whether your commodities are now exempt, mischarged, or eligible for refunds, reach out. Trade compliance in 2025 moves fast — I just make sure you don’t overpay for it.

2025 is a turning point for U.S. agriculture. Tariffs have reshaped the cost landscape for farmers, while new tax breaks offer a chance to reinvest and grow. It’s a balancing act where the right financial strategy makes all the difference. Check out KeyBank's latest article for a deeper look at how ag businesses are navigating this complex moment. https://bit.ly/4nDvlqh #AgStrategy #FarmFinance #TradePolicy #TaxRelief

2025 is a turning point for U.S. agriculture. Tariffs have reshaped the cost landscape for farmers, while new tax breaks offer a chance to reinvest and grow. It’s a balancing act where the right financial strategy makes all the difference. Check out KeyBank's latest article for a deeper look at how ag businesses are navigating this complex moment. https://bit.ly/47R0kJB #AgStrategy #FarmFinance #TradePolicy #TaxRelief

📈 𝗦𝗺𝗼𝗼𝘁-𝗛𝗮𝘄𝗹𝗲𝘆 𝗗𝗶𝗱𝗻’𝘁 𝗗𝗼 𝗜𝘁 𝗔𝗹𝗼𝗻𝗲: 𝗧𝗵𝗲 𝗥𝗶𝘀𝗲 𝗼𝗳 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗧𝗮𝗿𝗶𝗳𝗳𝘀 𝗗𝘂𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗚𝗿𝗲𝗮𝘁 𝗗𝗲𝗽𝗿𝗲𝘀𝘀𝗶𝗼𝗻 Smoot-Hawley is often remembered as the protectionist mistake that deepened the Great Depression. But as Iriwn (1996, NBER WP 5509) shows, the steep rise in effective U.S. tariffs after 1930 wasn’t just about Congress raising rates. A big part came from deflation interacting with “𝙨𝙥𝙚𝙘𝙞𝙛𝙞𝙘” tariffs. At the time, many duties were fixed dollar amounts per unit (e.g., 10 cents per unit). When prices collapsed, those fixed duties suddenly became a much larger share of the value of imports — meaning effective tariff protection rose automatically. By contrast, ad-valorem tariffs (a percentage of value) fall as prices fall. Specific duties don’t. In a deflationary environment, they tighten by design. The figure below from Irwin (1996) shows how effective protection jumped far more than statutory rates alone would suggest. Smoot-Hawley mattered, but the dramatic jump in protection was amplified by the structure of the tariff system and the collapse in prices — not legislative escalation alone. Link to paper: https://lnkd.in/gVuFMZM9

Many organisations I’ve spoken with have started to feel the effects of the new US tariffs – from higher input costs to delayed deliveries and supply uncertainty. In some ways, the situation is similar across sectors: it’s already challenging, and it’s likely to get tougher before it stabilises. Efficio’s latest research examines how the tariffs are impacting different sectors globally and what procurement and supply chain leaders can do to stay ahead: https://bit.ly/47g5RKi

Some good news out of Washington for NZ exporters . . . The U.S. administration has removed reciprocal tariffs on beef and several other agricultural products. This change is aimed at easing food-price pressures for American consumers. NZ exporters in beef and other affected agri‑products should take this into account when planning market strategies. And for those exporting products not covered by this exemption, it’s a timely reminder . . . trade rules can change fast, so staying informed and adaptable is key. https://lnkd.in/gsZiZxnU

https://lnkd.in/eabcBvxi - HOW TARRIFFS HURT THE ONES YOU LOVE Thanks to this Author, this extremely well presented and insightful article and as informative as it is, is one which I came across today, highlighting so importantly that, "Markets are not prescient, and subsequent developments might point elsewhere. However, the patterns we find affirm prior work associating trade barriers with price and investment distortions (though price controls are a good negotiating chip to come to agreement on certain types of tariffs). Introductory trade theory shows that tariffs hurt domestic consumers more than they benefit domestic producers." In view of stock market prices, increasing volatility and reducing stock prices over the long run, as they create economic uncertainty, which dampens investor and consumer confidence, and can lead to lower corporate profits and slower global economic growth. Regardless the economic policy effects cannot overtake and hinder opportunities for those accessing the capital markets strategically.

Tariffs are no longer temporary shocks — they’re becoming a structural feature of global trade. Bain & Company notes that uncertainty is now the norm, not the exception. The real advantage? Building flexibility before others react. #TradePolicy #Economics #GlobalMarkets

Interesting development for the logistics and agricultural sectors. This executive order exempting over 200 agricultural products from reciprocal tariffs will have an immediate impact on supply chain operations and customs. It's a significant move that will require teams to be agile in updating their import/export strategies. This really highlights how quickly policy can influence workflow and the importance of having efficient, data-driven processes in place to adapt. https://lnkd.in/eYYKv5KV