The Section 122 Import Surcharge was imposed under the February 20, 2026 Presidential Proclamation titled “Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems.” Pursuant to Section 122 of the Trade Act of 1974, the proclamation applies an additional 10% ad valorem duty on most imported articles from every country for a period […]
Read MoreCBP Ends IEEPA Duty Collections effective 12:00 a.m. ET on February 24, 2026, following the February 20 Executive Order titled “Ending Certain Tariff Actions.” U.S. Customs and Border Protection (CBP) issued formal guidance confirming that duties imposed under the International Emergency Economic Powers Act (IEEPA) will no longer be collected for goods entered for […]
Read MoreThe Supreme Court IEEPA tariffs ruling has struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), reshaping the U.S. trade landscape and raising urgent questions about refunds and replacement trade measures. In a 6–3 decision, the Court ruled that IEEPA does not authorize the President to impose tariffs. The decision affirms the […]
Read More(Based on CBP Guidance – Updated December 18, 2025) The U.S. government has implemented new and expanded tariffs in 2025 under the International Emergency Economic Powers Act (IEEPA) and Section 232. Below is a plain-language breakdown of what applies, when it applies, and to whom. 🚫 De Minimis: What Changed As of August 29, 2025, […]
Read MoreU.S. Customs and Border Protection (CBP) has issued new guidance implementing tariff-related provisions of the U.S.–Switzerland–Liechtenstein Framework Agreement on Fair, Balanced, and Reciprocal Trade, which was finalized on November 14, 2025. The guidance follows a Federal Register notice released by the Office of the U.S. Trade Representative and reflects updates to reciprocal tariffs imposed under the […]
Read MoreThe latest US-India tariffs are weighing heavily on global air cargo flows. Recent figures show that airfreight volumes from India to the US have dropped sharply, following Washington’s decision to impose tariffs of up to 50% on Indian imports. Air Cargo Volumes Plunge According to data provider WorldACD, air cargo volumes from India to the […]
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 MoreSouth Korean carrier HMM cautioned Wednesday that global container shipping faces heightened volatility as tariff grace periods expire and trade negotiations continue. “The expiry of tariff grace periods and ongoing renegotiations are expected to increase market volatility, with regional demand shifts likely to sustain supply chain congestion,” HMM said in its first-half earnings commentary. The […]
Read MoreOcean freight rates from Asia to Europe soared ahead of the carriers’ June 1 general rate increases, fueled by growing congestion at major ports and a shift in vessel deployment toward the booming Asia-U.S. trade lane. Severe delays at key port hubs on both ends of the Asia-Europe route are absorbing available capacity. At the […]
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