On September 29, 2025, President Trump issued a proclamation announcing the implementation of Section 232 tariffs on lumber, kitchen cabinets, vanities, and other wood products. The tariffs will take effect at 12:01 a.m. ET on October 14, 2025. Tariff Details and Duty Rates The proclamation sets new global tariff rates on wood imports: 10% global […]
Read MoreOn September 4, 2025, President Trump signed an Executive Order (EO) enacting a newly negotiated U.S.-Japan trade deal. The agreement introduces tariffs on Japanese imports, with broad implications for both countries’ economies. U.S.-Japan Tariff Agreement Highlights Baseline Tariff on Japanese Imports The EO sets a baseline 15% tariff on nearly all Japanese imports. Products […]
Read MoreLimited feeder vessel capacity between Asia’s secondary ports and major transshipment hubs is creating significant disruptions for both Asian exports and inbound shipments from the US and Europe, according to forwarders and carriers. Shippers in Thailand and Indonesia are waiting up to a month to secure space, leading to widespread transshipment delays, rolled cargo, and […]
Read MoreIn a significant development for transatlantic commerce, the United States and the European Union have announced a new Framework on an Agreement on Reciprocal, Fair, and Balanced Trade. This agreement marks a pivotal first step towards reducing trade barriers, enhancing market access, and strengthening the economic relationship between two of the world’s largest markets. For […]
Read MoreNew data from WorldACD suggests that airfreight volumes between the Asia Pacific and the US are showing signs of life, while those headed to Europe have declined. This could be an early indicator of a market rebalancing as the US finalizes new tariffs. For the week ending August 10, chargeable weight from China to the […]
Read MorePresident Trump has issued a new Executive Order delaying China tariffs that were set to take effect at 12:01 a.m. ET on August 12, 2025. The 90-day tariff pause extends the implementation date to November 10, 2025, allowing more time for the U.S. and China to finalize a trade agreement. According to the Executive […]
Read MoreOn August 6, 2025, President Trump signed a new Executive Order imposing a new 25% tariff on Indian imports, effective 12:01 a.m. ET on August 27. The measure is part of a broader U.S. trade strategy in response to India’s continued oil trade with Russia, which the administration sees as a threat to U.S. national […]
Read MoreOn July 31, 2025, President Trump signed a new Executive Order titled “Further Modifying the Reciprocal Tariff Rates”, which increases and restructures U.S. tariffs on imports from a wide range of foreign countries. This action builds on Executive Order 14257, first issued in April 2025, which declared a national emergency due to persistent U.S. trade […]
Read MoreOn July 30, 2025, President Trump signed an Executive Order raising tariffs on a wide range of Brazilian imports to a total of 50%, up from the previous 10%. The action, which takes effect immediately, reflects escalating trade tensions and national security concerns cited by the administration. This announcement comes on the heels of other […]
Read MoreEffective August 1, 2025, the U.S. government has announced a 50% tariff on all imports of semi-finished copper products and intensive copper derivative products. This move, issued by President Trump in a formal Proclamation on July 30, aims to protect domestic industries and adjust trade dynamics for copper-related goods. What the New Copper Tariff Means […]
Read More