Ray Dalio in Principles argues that while current events like tariffs grab headlines and have significant impacts, they are merely symptoms of much larger, more fundamental shifts underway. Focusing solely on these immediate events, attributed often to specific political figures like President Trump, distracts from the underlying breakdown of the major monetary/economic, domestic political, and […]
Read MoreOverview of Tariff Adjustments Effective immediately, the Executive Order introduces revised reciprocal tariff rates to align with global trade dynamics and address retaliatory measures by trading partners. These changes aim to promote fair trade practices while supporting domestic industries. Updated Tariff Structure Products Originating from China, Hong Kong, or Macau Applicable tariffs include: Commodity-specific Most-Favored-Nation […]
Read MoreSandler, Travis & Rosenberg, P.A. (ST&R) reports that on March 26, the President issued a proclamation imposing 25% tariffs on imported cars, light trucks, and specific vehicle parts under Section 232 of the Trade Expansion Act of 1962, citing national security concerns. These tariffs are based on a 2019 investigation and newly submitted information from […]
Read MorePresident Trump announced on social media that after a conversation with Mexico’s President Claudia Sheinbaum today, they agreed that Mexico would be exempt from the 25% tariffs on U.S. imports, as long as the goods qualify under the U.S.-Mexico-Canada Agreement (USMCA). “This agreement is effective until April 2nd,” Trump posted on @realDonaldTrump. “I made this […]
Read MoreThe Federal Register has released notices regarding the implementation of 25% tariffs on products from Mexico and Canada, effective at 12:01 a.m. ET on March 4. These tariffs will apply to most goods entering the U.S. from Canada or Mexico, with the exception of energy products from Canada, which will incur a 10% duty. Scope […]
Read MoreDespite concerns that tariffs on Mexico, Canada, and China would take effect on February 4, additional tariffs for Canada and Mexico have been delayed until at least March 1. In the meantime, the Federal Register notice for China, as well as the Cargo Systems Messaging Service (CSMS) directives from Customs and Border Protection (CBP), have […]
Read MorePresident Trump released his memorandum on an America First Trade Policy that did not immediately result in “day one” additional tariffs on any country, but it is a top-to-bottom review of every possible action the U.S. could take against a country that is trading unfairly or burdening U.S. commerce based on existing laws. A […]
Read MoreThe San Pedro Bay Port Complex, comprising the Port of Los Angeles and the Port of Long Beach, handles about one-third of all containerized imports to the United States each month. As the 10th busiest port in the world, it plays a critical role in the local, regional, and national economy, particularly impacting truckload and […]
Read MoreOn December 20, 2024, Mexican President Claudia Sheinbaum enacted a decree introducing measures aimed at safeguarding Mexico’s textile and apparel sectors while addressing compliance issues related to the country’s IMMEX program. This shift in Mexico’s trade and manufacturing policies will lead to higher import costs for several goods and may require adjustments from importers, especially […]
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