US shippers are increasingly turning to foreign trade zones (FTZs) as a potential solution to offset the cost of Trump administration tariffs on high-value goods and merchandise. However, limited storage capacity and administrative complexity make FTZs far from a guaranteed fix. FTZs are specially designated domestic areas, usually near a port of entry, where high-value […]
Read MoreU.S. President Donald Trump announced Tuesday that Yemen’s Houthi militants have agreed to cease their 18-month campaign of missile and drone attacks on commercial vessels in the Red Sea. If confirmed, this could pave the way for major ocean carriers to resume using the Suez Canal, potentially creating vessel overcapacity in an already strained container […]
Read MoreAs of May 2, the United States has officially ended the de minimis exemption for packages arriving from China and Hong Kong. This change eliminates duty-free entry for shipments valued under $800, subjecting them instead to significantly higher tariffs and stricter customs procedures. Under the new policy, affected packages will either face a 120% tariff […]
Read MoreThe suspension of China–U.S. shipments and a wave of blank sailings on the trans-Pacific trade lane may lead to a significant redistribution of vessel capacity, according to Alexandra Ilascu of Kuehne + Nagel. Speaking during the Journal of Commerce’s Asia-Europe webinar, Ilascu warned that these shifts are likely to impact other trade routes, including Asia-Europe […]
Read MoreFireworks have long been a staple of the Fourth of July celebrations but this year, Americans may face shortages and higher prices. The reason? Nearly all fireworks sold in the U.S. are imported from China, and the steep 145% tariff on Chinese goods is forcing U.S. distributors to either raise prices significantly or cut back […]
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