{"id":263235,"date":"2025-05-30T02:06:28","date_gmt":"2025-05-30T02:06:28","guid":{"rendered":"https:\/\/peraltafinancing.com\/alcohol\/exclusive-news-and-research-on-the-wine-spirits-and-beer-business-149\/"},"modified":"2025-05-30T02:06:28","modified_gmt":"2025-05-30T02:06:28","slug":"exclusive-news-and-research-on-the-wine-spirits-and-beer-business-149","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=263235","title":{"rendered":"Exclusive news and research on the wine, spirits and beer business"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<h2>Court Strikes Down U.S. \u201cReciprocal\u201d Tariffs, Administration To Appeal<\/h2>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"posted\"><a href=\"https:\/\/www.shankennewsdaily.com\/2025\/05\/29\/\" title=\"Click to see that day's daily archive\">May 29, 2025<\/a><\/span><\/p>\n<p>Late yesterday, the United States Court of International Trade struck down much of the Trump administration\u2019s recent tariffs, asserting that the levies were wrongfully imposed under the International Emergency Economic Powers Act (IEEPA).<span id=\"more-37579\"\/> The plaintiffs included wine importer VOS Selections, along with a coalition of 12 states. The victory for importers could be short-lived, however, as the administration has already appealed the decision.<\/p>\n<p>For now, the U.S. is enjoined from collecting the 10% to 50% tariffs imposed on imports from 57 countries, as well as the 25% duties on some Canadian and Mexican products (beverage alcohol from Canada and Mexico has been excluded from those tariffs along with other products covered by the USMCA trade deal). But that could shortly reverse, if the government is granted an emergency stay of the ruling. If that happens, the tariffs would remain in effect throughout the administration\u2019s appeal process.<\/p>\n<p>In its decision, the court emphasized that tariff power resides with Congress, and that the administration overstepped its authority in levying the tariffs, despite its assertion of doing so under a declared national emergency. The ruling is also retroactive, meaning tariffs already collected must be refunded if the administration loses its appeal.<\/p>\n<p><a href=\"https:\/\/www.winespectator.com\/newsletter\/shankennewsdaily\" title=\"Subscribe to Shanken News Daily\u2019s Email Newsletter\" style=\"display:block; padding:0.56em 0; margin: 0; font-style:italic; font-weight:bold;font-size:1.1em;line-height:1.28;\">Subscribe to Shanken News Daily\u2019s Email Newsletter, delivered to your inbox each morning.<br \/>\n<\/a><\/p>\n<p><a href=\"https:\/\/winespectator.wufoo.com\/forms\/shankens-impact-databank-2025-order-form\/\" title=\"Order Impact Databank\" class=\"article-promo\">GET YOUR FIRST LOOK AT 2025 ESTIMATES AND 2030 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. <span>ORDER YOUR 2025 IMPACT DATABANK REPORTS<\/span>. CLICK HERE.<\/a><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Court Strikes Down U.S. \u201cReciprocal\u201d Tariffs, Administration To Appeal May 29, 2025 Late yesterday, the United States Court of International Trade struck down much of the Trump administration\u2019s recent tariffs, asserting that the levies were wrongfully imposed under the International Emergency Economic Powers Act (IEEPA). The plaintiffs included wine importer VOS Selections, along with a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12029],"tags":[3171,907,1305,1820,10113,16238,9182],"dealstore":[],"offerexpiration":[],"class_list":["post-263235","post","type-post","status-publish","format-standard","hentry","category-alcohol","tag-beer","tag-business","tag-exclusive","tag-news","tag-research","tag-spirits","tag-wine"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive news and research on the wine, spirits and beer business - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=263235\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive news and research on the wine, spirits and beer business - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Court Strikes Down U.S. \u201cReciprocal\u201d Tariffs, Administration To Appeal May 29, 2025 Late yesterday, the United States Court of International Trade struck down much of the Trump administration\u2019s recent tariffs, asserting that the levies were wrongfully imposed under the International Emergency Economic Powers Act (IEEPA). 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