The President has amended the previous Executive Order issued on February 1, raising the additional tariff from 10% to 20%. Tariff Details: Tariff from Feb. 4 to March 3: For products from China and Hong Kong entered or withdrawn from warehouse for consumption between 12:01 a.m. ET on February 4 and March 3, the additional […]
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. […]
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 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, […]
Read MoreThe air cargo industry may face significant setbacks if the new U.S. administration, potentially led by Donald Trump, enforces stricter regulations on low-value e-commerce shipments, as industry experts anticipate. Judah Levine, head of research at Freightos, suggests that changes could come to the “de minimis” exemption, which currently allows imports valued under $800 to bypass […]
Read MoreIn 2023, air cargo traffic saw a slight decline, with global volumes decreasing by 1.8% to 115 million tonnes, according to Airport Council International (ACI) World. Cargo traffic continued to concentrate in the world’s primary hubs, though the busiest airports held relatively stable positions. Hong Kong maintained its lead with 4.3 million tonnes, followed by […]
Read MoreThe eastbound trans-Pacific trade is experiencing an unusually extended peak season, with steady demand for imports from Asia and fewer-than-expected blank sailings announced for November. Carriers are holding off on the typical reduction in services, seeking to maintain higher rates as import levels remain strong. Typically, import demand from Asia decreases as Black Friday approaches, […]
Read MoreAs mid-October progresses, seasonal patterns indicating a dip in volume have become apparent, albeit slightly later than usual. This delay can be attributed to three disruptions earlier in the month that provided a temporary uptick in freight demand. Historically, mid-November marks the beginning of increased demand as we approach the holiday season, and this year […]
Read MoreAs China’s Golden Week holiday disruptions wind down, airlines are shifting more capacity to high-demand routes between Asia Pacific and North America, preparing for the busy Christmas season. According to the U.S. National Retail Federation (NRF), holiday consumer spending is projected to increase by 2.5% to 3.5% over last year, with e-commerce expected to grow […]
Read MoreThe recent three-day strike by dockworkers at East and Gulf coast ports may have ended quickly, but its effects will be felt in global trade for weeks to come. Lars Jensen, CEO of Vespucci Maritime and container shipping analyst for the Journal of Commerce, warned Thursday that shippers should brace for a delayed reduction in […]
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