President 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 […]
Read MoreThe airfreight sector may see increased demand due to a proposed new fee targeting China-built vessels importing goods into the US. The US Trade Representative (USTR) has suggested imposing a charge between $500,000 and $1.5 million per port call for any Chinese-owned or operated vessel, as well as carriers with Chinese-built ships in their global […]
Read MoreThe 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 Tariff Details: Tariff from Feb. 4 to March 3: For products from China and Hong Kong entered or withdrawn from warehouse for consumption between 12:01 a.m. ET on February 4 and March 3, the additional […]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 MoreThe U.S. government has temporarily reinstated the de minimis exemption, which allows packages valued under $800 to be imported duty-free, reversing an earlier decision that had disrupted international parcel shipments. According to a statement from the White House, the exemption will remain in place while authorities establish systems to efficiently process and collect tariffs on […]
Read MoreThe Trump administration’s 2025 decision to eliminate the de minimis exemption for Chinese goods has had a significant impact on B2B sourcing. This policy shift is part of a broader trade initiative aimed at curbing unfair trade practices and preventing the flow of illicit goods, particularly fentanyl, into the U.S. The move affects businesses that […]
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 MoreThe air cargo sector must learn to “embrace volatility,” according to industry analysts who spoke at the World Cargo Summit in Ostend on January 28. Experts highlighted both the strong tailwinds driving growth and the significant headwinds threatening disruption. Ludwig Hausmann, senior partner at consulting firm McKinsey & Co, underscored the industry’s rapid expansion, citing […]
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, […]
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